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Question Help Australia's Current Account. Use the following balance of payments data for Australia from the IMF: LOADING... . What is Australia's current account balance

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Australia's Current Account. Use the following balance of payments data for Australia from the IMF:

LOADING...

. What is Australia's current account balance for years

2008,

2010,

and

2014?

The current account balance for year

2008

is (in millions)

$nothing.

(Round to the nearest integer and enter any deficit with a negative sign.)

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Data Table

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Australia's Current Account

Assumptions (millions USD)

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Goods: exports

107,011

124,913

142,421

189,057

154,777

213,782

271,719

257,950

254,180

240,704

188,345

Goods: imports

-120,383

-134,509

-160,205

-193,972

-159,216

-196,303

-249,238

-270,136

-249,700

-240,252

-207,658

Balance on goods

-13,372

-9,596

-17,784

-4,915

-4,439

17,479

22,481

-12,186

4,480

453

-19,313

Services: credit

31,047

33,088

40,496

45,240

40,814

46,968

51,653

53,034

53,550

54,240

49,716

Services: debit

-30,505

-32,219

-39,908

-48,338

-42,165

-51,313

-61,897

-65,405

-67,977

-63,549

-57,269

Balance on services

542

869

588

-3,098

-1,351

-4,345

-10,244

-12,371

-14,427

-9,309

-7,553

Income: credit

16,445

21,748

32,655

37,320

27,402

35,711

47,852

47,168

46,316

46,637

38,105

Income: debit

-44,166

-54,131

-73,202

-76,719

-65,809

-84,646

-102,400

-88,255

-85,289

-79,805

-67,842

Balance on income

-27,722

-32,383

-40,547

-39,399

-38,407

-48,935

-54,548

-41,087

-38,973

-33,168

-29,736

Current transfers: credit

3,333

3,698

4,402

4,431

4,997

5,813

7,510

7,271

7,109

6,962

5,853

Current transfers: debit

-3,813

-4,092

-4,690

-4,805

-5,799

-7,189

-9,723

9,635

-9,346

-8,996

-7,685

Balance on current transfers

-480

-394

-288

-374

-802

-1,376

-2,213

16,906

-2,237

-2,034

-1,832

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