What is Australia’s balance on goods? What is Australia’s balance on services What is Australia’s balance on goods and services? What is Australia’s current account balance? Millions of U.S. dollarsGoods: credit (exports)Goods: debit (imports)Services: credit (exports)Services: debit (imports)Primary income: creditPrimary income: debtSecondary income: creditSecondary income: debt20102011201220132014201520162017 201820192020213,782 271,719 257,950 254,180 240,704 188,212 192,907 231,566 257,849 271,441 250,660-196,303 -249,238 -270,136 -249,700 -240,252 -207,225 -198,703 -221,064 -236,906 -223,427 -210,72146,968 51,653 53,034 53,550 54,240 54,894 58,024 65,174 69,470 70,990 48,382-51,313 -61,897 -65,405 -67,977 -63,549 -63,656 -62,466 -68,474 -73,319 -72,035 -38,34735,711 47,852 47,168 46,316 46,637 39,413 39,530 42,603 48,543 49,866 45,613-84,646-102,400 -88,255 -85,289 -79,805 -67,763 -69,556 -84,511 -94,786 -88,067 -60,8525,813 7,510 7,271 7,109 6,962 6,586 6,567 6,946 7,159 7,047 6,722-7,189 -9,723 -9,635 -9,346 -8,996 -7,419 -7,339 -8,192 -7,796 -7,782 -7,629

Balance of goods = exports of goods - imports of goods Balance on services = exports of services -…

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What is Australia’s balance on goods? What is Australia’s balance on services What is Australia’s balance on goods and services?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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