Using the data calculate the balance on current account for this economy.
The value of the current account is: $___
Round your solution to the nearest whole number and be sure to include a negative sign if necessary
Current Account Value Balance
Exports of Goods $9900
Imports of Goods 151500
Balance of Trade negative 600-600
Exports of Services 350
Imports of Services -300
Balance of Services 50
Income Received
on Investments 3300
Income Payments
on Investments -7700
Net Income on
Investments negative 400-400
Net Transfers -100
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Using the data calculate the balance on current account for this economy. The value of the current account is: $___ Round your solution to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You're trying to save to buy a new $210,000 Ferrari. You have $30,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car
Answers (1)
Haskins Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing.
Answers (1)
Suppose the marginal benefit of writing a contract is $100, independent of its length. Find the optimal contract length when the marginal cost of writing a contract of length L is: a. MC (L) = 30 + 4L. b. MC (L) = 40 + 5L.
Answers (1)
Elston Company has entered into a lease agreement for office equipment which could be purchased for $39,927. Elston Company has, however, chosen to lease the equipment for $10,000 per year, payable at the end of each of the next 5 years.
Answers (1)
Much of our communication is nonverbal, which accounts for at least: select one: a. 75 to 80% b. 85 to 95% c. 65 to 70% d. 45 to 55%
Answers (1)
New Questions in Business
Economies of scale are ways that a company can lower the cost per unit by selling more units overall A. True B. False
Answers (1)
Suppose warren buffet withdraws $1 million from his checking account at chase manhattan bank. if the required reserve ratio is 20 percent, what is the maximum change in deposits in the banking system?
Answers (1)
The market system's answer to the fundamental question "how will the goods and services be produced?" is essentially
Answers (1)
You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.1 million, which will be depreciated straight-line to zero over its four-year life.
Answers (1)
What is the difference is between saving and investing?
Answers (2)