Macroeconomics (7th Edition)
7th Edition
ISBN: 9780134738314
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Question
Chapter 18, Problem 18.1.5PA
To determine
The value of the statistical discrepancy, balance of payment account.
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Here are some balance of payments data (without pluses and minuses):
Category
Exports of goods
Imports of goods
Service exports
Service imports
Income receipts from abroad
Income payments to foreigners
Increase in home country's ownership of assets abroad
Increase in foreign ownership of assets in home country
Increase in home reserve assets
Increase in foreign reserve assets
Assuming that unilateral transfers equal zero, find each of the following.
Net exports (NX) = - 15
Current account balance (CA) = - 55
Financial account balance (KFA) :
=
Value
120
155
110
90
110
150
160
190
35
40
(Note: there is a statistical discrepancy, so do not use the current-account balance to determine the financial account balance. Also, the increase in home reserve assets is included in the
increase in the home country's ownership of assets abroad, and the increase in foreign reserve assets is included in the increase in foreign ownership of assets in the home country.)
The following information on Ghana’s Balance of Payments Accounts for 2013 (million U.S. Dollars) is provided.
CURRENT ACCOUNT
US$
1. Merchandise Exports ( £.o.b)
11,679.40
2. Merchandise Imports (£.o.b)
-16,092.50
Trade balance
-4,413.1
3. Services (net)
-2,346.84
Receipts
3,539.40
Payments
-5,886.24
4. Income (net)
4,155.98
Receipts
-592.96
Payments
202.24
5. Current Transfers (net)
795.20
CAPITAL & FINANCIAL ACCOUNT
6. Capital Account
1,127.78
Capital Transfers
1,127.78
7. Financial Account
Direct Investments
3,355.68
Portfolio Investments
-87.28
Other Investments
1,737.96
Of which:
Short term capital
-164.12
Other capital investments
2,172.40…
The following information on Ghana’s Balance of Payments Accounts for 2013 (million U.S. Dollars) is provided.
CURRENT ACCOUNT
US$
1. Merchandise Exports ( £.o.b)
11,679.40
2. Merchandise Imports (£.o.b)
-16,092.50
Trade balance
-4,413.1
3. Services (net)
-2,346.84
Receipts
3,539.40
Payments
-5,886.24
4. Income (net)
4,155.98
Receipts
-592.96
Payments
202.24
5. Current Transfers (net)
795.20
CAPITAL & FINANCIAL ACCOUNT
6. Capital Account
1,127.78
Capital Transfers
1,127.78
7. Financial Account
Direct Investments
3,355.68
Portfolio Investments
-87.28
Other Investments
1,737.96
Of which:
Short term capital
-164.12
Other capital investments
2,172.40…
Chapter 18 Solutions
Macroeconomics (7th Edition)
Ch. 18 - Prob. 18.1.1RQCh. 18 - Prob. 18.1.2RQCh. 18 - Prob. 18.1.3RQCh. 18 - Prob. 18.1.4PACh. 18 - Prob. 18.1.5PACh. 18 - Prob. 18.1.6PACh. 18 - Prob. 18.1.7PACh. 18 - Prob. 18.1.8PACh. 18 - Prob. 18.1.9PACh. 18 - Prob. 18.1.10PA
Ch. 18 - Prob. 18.1.11PACh. 18 - Prob. 18.2.1RQCh. 18 - Prob. 18.2.2RQCh. 18 - Prob. 18.2.3RQCh. 18 - Prob. 18.2.4RQCh. 18 - Prob. 18.2.5PACh. 18 - Prob. 18.2.6PACh. 18 - Prob. 18.2.7PACh. 18 - Prob. 18.2.8PACh. 18 - Prob. 18.2.9PACh. 18 - Prob. 18.2.11PACh. 18 - Prob. 18.2.12PACh. 18 - Prob. 18.2.13PACh. 18 - Prob. 18.2.14PACh. 18 - Prob. 18.3.1RQCh. 18 - Prob. 18.3.2RQCh. 18 - Prob. 18.3.3RQCh. 18 - Prob. 18.3.4PACh. 18 - Prob. 18.3.5PACh. 18 - Prob. 18.3.6PACh. 18 - Prob. 18.3.7PACh. 18 - Prob. 18.3.9PACh. 18 - Prob. 18.3.10PACh. 18 - Prob. 18.4.2RQCh. 18 - Prob. 18.4.5PACh. 18 - Prob. 18.4.6PACh. 18 - Prob. 18.4.7PACh. 18 - Prob. 18.4.8PACh. 18 - Prob. 18.5.1RQCh. 18 - Prob. 18.5.2RQCh. 18 - Prob. 18.5.3RQCh. 18 - Prob. 18.5.4PACh. 18 - Prob. 18.5.5PACh. 18 - Prob. 18.5.6PACh. 18 - Prob. 18.5.7PACh. 18 - Prob. 18.1RDECh. 18 - Prob. 18.2RDECh. 18 - Prob. 18.3RDECh. 18 - Prob. 18.4RDECh. 18 - Prob. 18.5RDECh. 18 - Prob. 18.1CTE
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