Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose you have the following date and information that are related to the Egyptian balance of payment in 2022; (8-points) **Exports of agriculture products
Suppose you have the following date and information that are related to the Egyptian balance of payment in 2022; (8-points) **Exports of agriculture products (10) billion dollars, exports of industrial products (15) billion dollars, other exports of goods are (15) billion dollars but the imports of goods are 65 billion dollar. ** The spending of foreign tourists in Egypt is (10) billion dollar, the revenue from Suez Canal is (8) billion dollar. the remittance transfers of workers abroad is 15 billion dollars and other exports of service is (10) billion dollar. **The unilateral transactions from Arab counties is (5) billion dollar, the interest on foreign loans is (8) billion dollar but the installment of this foreign loans is (20) billion dollar and the other imports of service is (includes returns on foreign investments that transferred outside Egypt) 30 billion dollar. Based on these data and information: a- Determine the surplus or deficit of the balance of trade. b- Determine the deficit of service account. c-- Determine the surplus/ deficit of the current account (wide meaning). 2-Suppose the demand and supply function the USA
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started