5. Use the information given below and calculate the balance of trade:Balance of trade in goods (S m)Balance of trade in services(S m)-3558 Transportation20142014Food, beverages and tobacco-632-5311450Oil4305CommunicationsFinished manufactured goods-685InsuranceOthers-1886 Others3776

Balance of trade is the largest component of balance of payment of a country. It is the difference…

5. Use the information given below and calculate the balance of trade: Balance of trade in goods ($ m) 2014 Balance of trade in services (S m) -3558 Transportation 4305 2014 Food, beverages and tobacco Oil Finished manufactured goods Others -632 Communications -531 -685 Insurance 1450 -1886 Others 3776

5. Use the information given below and calculate the balance of trade: Balance of trade in goods ($ m) 2014 Balance of trade in services (S m) -3558 Transportation 4305 2014 Food, beverages and tobacco Oil Finished manufactured goods Others -632 Communications -531 -685 Insurance 1450 -1886 Others 3776

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following table pertains to Wrexington, an economy in which the typical consumer's basket consists of 20 pounds of meat and 10 toys. Price of a Toy Price of Meat (Dollars per pound) (Dollars per toy) 3 Year 1 2 3 1 4 Refer to Table 25-2. The cost of the basket 2 7 5 increased from Year 1 to Year 2 and increased from Year 2 to Year 3. increased from Year 1 to Year 2 and decreased from Year 2 to Year 3. decreased from Year 1 to Year 2 and increased from Year 2 to Year 3. decreased from Year 1 to Year 2 and decreased from Year 2 to Year 3.
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The table contains a random selection of items from the National Account of a country. Item UDD (Million) Compensation of Employees 500 Corporate Profit 250 Rental Income 200 Net Interest 150 Proprietor’s Income 95 Transfer payment 100 Corporate tax 80 Depreciation 50 Private Investment 1,000 Personal income tax 20 Employees Provident Fund 50 Net factor income abroad 400 Calculate the: 1. Net domestic product at factor cost 2. Gross domestic Product at factor cost 3. National Income 4. Personal income 5. Disposal Personal income.
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CS 9 Economics
Export of goods are = $508 Imports of goods are = $705 Balance of trade =?
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Fill the black in tables.
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