The table shows the amounts, in millions of dollars, of balances of various current account components for a nation in 2017. Use the information in the table to calculate the current account balance for 2017. Unilateral Current Goods Services Income Payments 2017 $39851 $14681 $8253 Transfers -$9589 Account Balance

The table shows the amounts, in millions of dollars, of balances of various current account components for a nation in 2017. Use the information in the table to calculate the current account balance for 2017. Unilateral Current Goods Services Income Payments 2017 $39851 $14681 $8253 Transfers -$9589 Account Balance

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 6SCQ: The GDP for the United States is 18,036 billion and its current account balance is 484 billion. What...

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Question Help The table gives some information about Canada's international transactions in 2013. Billions of dollars Item Calculate the balance on the three balance of payments accounts. Imports of goods and services Net foreign investment in Canada Exports of goods and services 598 Was Canada a net borrower or a net lender in 2013? Explain your answer. 65 566 >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. Net interest income 26 Net transfers - 2 The current account balance is 8 billion dollars. Statistical discrepancy The capital and financial account balance is bill'on dollars. Enter your answer in the answer box and then click Check Answer.
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