Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 6, Problem 4E
To determine
The
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Using the information in the following table on Mexico’s 1996 international transactions to answer the questions (amounts are in U.S. dollar values in millions):
Merchandise Imports $89,469
Merchandise Exports $96,000
Services Exports $10,901
Services Imports $10,819
Investment Income receipts $17,099
Unilateral Transfers $ 4,531
Given the information above, what is the balance of trade?
What is the current account?
Did Mexico become a larger international debtor during 1996?
Use the information in the following table on Mexico’s 2007 international transactions to answer
1. What is the balance of trade?
Define the term balance of trade.
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