Question
Suppose that the following figures are from the South Africa's balance of payments for 1999: Rm Visible exports Visible imports Invisible exports Invisible imports Capital
Suppose that the following figures are from the South Africa's balance of payments for 1999:
Rm
Visible exports
Visible imports
Invisible exports
Invisible imports
Capital inflow
Capital outflow
430
600
220
180
200
210
Use the information above to calculate the following for 1999:
(a) the trade balance;
(b) the current account; and
(c) the basic balance.
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
