Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is

The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $70 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers.

CURRENT ACCOUNT (in billions of dollars)

(1) Goods exports 900

(2) Goods imports 820

(3) Balance on goods-80

(4) Exports of services

(5) Imports of services -390

(6) Balance on services

(7) Balance on goods and services

(8) Net investment income 40

(9) Net transfers -10

(10) Balance on current account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Global Business Understanding the International Environment & Global Business Functi

Authors: Julian Gaspar, James Kolari, Richard Hise, Leonard Bierman, L. Smith, Antonio Arreola Risa

2nd edition

1305501187, 9780547152127, 547152124, 9781111824259, 1111824258, 978-1305501188

More Books

Students also viewed these Economics questions

Question

How does QB House compete compared with conventional hair dressers?

Answered: 1 week ago

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago