Please solve and show steps.I do not understand how 10 Billiong, -12billion is the answer. An economy, Delta exported goods worth $30 billion and services worth another $10 billion in 2020. It imported goods worth $40billion and services worth $8 billion. Receipts of income from abroad were $20 billion while income payments going abroad were $18billion. Government transfers from Delta to the rest of the world were $9 billion, while various Delta government agencies receivedpayments of $3 billion from the rest of the world. Calculate Delta merchandise trade deficit, and current account balance for 2020.$10 billion, $12 billion-$12 billion, $10 billion$10 billion, -$12 billion-$10 billion, $10 billion.

he current account of a country measures the value of its international trade in goods and services,…

Answered: 10 Billiong, -12billion is the answer.

Business

Economics

10 Billiong, -12billion is the answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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