. wn in the table below. The balance on the capital and financial account for th
ID: 1160579 • Letter: #
Question
. wn in the table below. The balance on the capital and financial account for this The current account for a fictitious country is sho country is $28 bilion a. Fill in the missing values in the table Instructions: Enter your answers as whole numbers. Use a negative sign if necessary CURRENT ACCOUNT (in billions of dollars) 474 (1) Goods exports 2) Goods imports (3) Balance on goods (4) Expots of services (5) Imports of services 16) Balance on services (7) Balance on goods and senvices (8) Net investment in -15 45 10) Balance on current accountExplanation / Answer
The balance on the Capital, and, financial account - $28 billion
Current account balance will be positive; it is not a deficit but a surplus
Goods exports - 474 billion dollars
Goods imports 489 billion dollars
Balance on goods -15 billion dollars
Exports of services -63 billion USD
Imports of services 98 billion dollars
Balance on services -35 billion USD
Balance on goods & services -50 billion USD
Net investment income 45 billion dollars
Net transfers -14 billion dollars
Balance on current account
X - M + Net income abroad + Net current transfers
474 - M + 45 + 14
415 - M
533 - M = 533 - 587 = 50
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