28- Over the course of a year, a nation tracked its foreign transactions and arrived at the following amounts: Merchandise exports 500 Service exports 75 Net unilateral transfers 10 Net change in domestic liabilities abroad (financial outflows) −215 Net change in foreign assets at home (financial inflows) 300 Merchandise imports 600 Service imports 50 What is this nation’s balance of trade, current account balance, and capital account balance?
28- Over the course of a year, a nation tracked its foreign transactions and arrived at the following amounts: Merchandise exports 500 Service exports 75 Net unilateral transfers 10 Net change in domestic liabilities abroad (financial outflows) −215 Net change in foreign assets at home (financial inflows) 300 Merchandise imports 600 Service imports 50 What is this nation’s balance of trade, current account balance, and capital account balance?
Chapter18: International Finance
Section: Chapter Questions
Problem 1.1P
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28- Over the course of a year, a nation tracked its foreign transactions and arrived at the following amounts:
Merchandise exports |
500 |
Service exports |
75 |
Net unilateral transfers |
10 |
Net change in domestic liabilities abroad (financial outflows) |
−215 |
Net change in foreign assets at home (financial inflows) |
300 |
Merchandise imports |
600 |
Service imports |
50 |
What is this nation’s
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