2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Pagros. Debits Balance-of-Payments Account (Billions of dollars) 40 20 35 25 Merchandise Services Income Receipts Unilateral Transfers Total Based on the total values of Pagros's debits and credits, there is Pagros. This means that Pagros has a deficit in the Term Current Account Balance 120 Balance of Trade How to Calculate Credits (Billions of dollars) 70 20 20 30 Complete the following table based on the credits and debits presented in the previous table. money flowing out of Pagros to foreign countries than there is flowing into less 140 more Deficit or Surplus Size of Deficit or Surplus (Billions of dollars)

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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2. Looking at credits and debits
The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Pagros.
Debits
Balance-of-Payments Account (Billions of dollars)
40
20
35
25
Merchandise
Services
Income Receipts
Unilateral Transfers
Total
Based on the total values of Pagros's debits and credits, there is
Pagros. This means that Pagros has a deficit in the
Term
Current Account
Balance
120
Balance of
Trade
How to Calculate
Credits
(Billions of dollars)
70
20
20
30
Complete the following table based on the credits and debits presented in the previous table.
money flowing out of Pagros to foreign countries than there is flowing into
less
140
more
Deficit or
Surplus
Size of Deficit or
Surplus
(Billions of dollars)
Transcribed Image Text:2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Pagros. Debits Balance-of-Payments Account (Billions of dollars) 40 20 35 25 Merchandise Services Income Receipts Unilateral Transfers Total Based on the total values of Pagros's debits and credits, there is Pagros. This means that Pagros has a deficit in the Term Current Account Balance 120 Balance of Trade How to Calculate Credits (Billions of dollars) 70 20 20 30 Complete the following table based on the credits and debits presented in the previous table. money flowing out of Pagros to foreign countries than there is flowing into less 140 more Deficit or Surplus Size of Deficit or Surplus (Billions of dollars)
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