(1) Goods exports +$220 (2) Goods imports −328 (3) Exports of services +54 (4) Imports of services −55 (5) Net investment income +18 (6) Net transfers −11 (7) Capital account −1 (8) Foreign purchases of Econland assets +124 (9) Econland purchases of foreign assets −21     The table contains balance of payments data for the hypothetical nation Econland . All figures are in billions of dollars. There was a   Multiple Choice   trade deficit but a current account surplus.   trade surplus but a current account deficit.   trade surplus and a current account surplus.   trade deficit and a current account deficit.

Q: US Goods Exports US Goods Imports Us Service Exports US Service Imports Maple Choice Net Investment…

A: The balance of payments (BOP) of a country is a record of every financial transaction that occurred…

Q: What is the current account?

A: The formula for calculating current account is given below. Current account=Balance of Trade +…

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A: The balance of payments is a report that lists all of the dealings that a nation's citizens,…

Q: trade surplus (exporting more than importing) and trade deficit (importing more than exporting) on…

A: The ‘balance of trade’ (BOT) is the sum of a country's import and export.   The BOT is positive(+)…

Q: You are given the following information: Exports X = 1,300 Imports M = 2,000 Capital inflows ki =…

A: here we calculate the Net export , net capital flow and the balance of payments , so the calculation…

Q: Which of the following statements is NOT CORRECT regarding a country's current account? Higher…

A: Imports are the quantity of goods and services purchased by the home country from the foreign…

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A: If the domestic price level remains constant in domestic country and increases in other countries…

Q: Consider a world with only two countries (i.e., two large open economies), the home country and the…

A: Home CountryCd = 400 + 0.5(Y-T) - 100rwId = 300 - 100rwY = 2000T = 250G = 300Foreign CountryCd = 200…

Q: Use the following to answer question 4-6. Table 1: Hypothetical National Income and Product Accounts…

A: Since you have posted multiple questions, as per guidelines we can solve only first question

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A: The main economic activities of a nation, such as its capital markets and services, are included in…

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A: The ‘balance of payments’ (BOP)  deals with a  country's ‘monetary transactions’ with the world. The…

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Q: How do you measure the financial capacity of our country in terms of export and import

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A: Balance of trade (BOT) = Value of Exports − Value of Imports Here, BOT is the Balance of trade or…

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A: Balance of payment , also popularly called Bop, is an account maintaining the economic transactions…

Q: Suppose you know that exports for a nation are $24 billion and imports are $25 billion.…

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A: Price level tells us the average price of all goods and services of a country.

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A: The balance of payments (BoP) keeps track of all economic exchanges of goods, services, and assets…

Q: Table: International Transactions Chevrolet Motor Co. expands its operations by acquiring Hyundai…

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Q: ) 14) According to the absorption approach what happens to China's trade balance following an…

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Q: Which of the below statements about international exchange rates and PPPs (Purchasing Power Parity)…

A: In this sense, the two currencies are equal — so-called currencies when the basket of goods has the…

Q: Using the information in the following table on Mexico’s 1996 international transactions to answer…

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Q: The table above gives hypothetical figures for the U.S. balance of payments.  The country’s…

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Q: A country has been experiencing a persistent deficit in its current account balance due to high…

A: The balance of payments is a record of a country's economic transactions with the rest of the world.…