2. The Table gives some information about Canada's international transactions in 2010. Item Billions of dollars Imports of goods and services Net foreign investment in Canada Exports of goods and services Net interest income. Net transfers Statistical discrepancy 508 54 476 16 (-3) 1 (a) Calculate the balance on the three balance of payments accounts. (b) Was Canada a net borrower or a net lender in 2010? Explain your answer.

2. The Table gives some information about Canada's international transactions in 2010. Item Billions of dollars Imports of goods and services Net foreign investment in Canada Exports of goods and services Net interest income. Net transfers Statistical discrepancy 508 54 476 16 (-3) 1 (a) Calculate the balance on the three balance of payments accounts. (b) Was Canada a net borrower or a net lender in 2010? Explain your 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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