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26 August, 07:31

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

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Answers (1)
  1. 26 August, 07:43
    0
    = - $1050

    Explanation:

    Current Account:

    Balance of Trade negative - $600

    Balance of Services = + $50

    Net Income on Investments negative - $400

    Net Transfers -$100

    current account (-$600+$50-$400-$100) - $1050

    Exports of Goods + $9,900

    Imports of Goods - $10,500

    Exports of Services + $350

    Imports of Services - $300

    Income Received on Investments + 3,300
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