A. A Turkish firm pays $ 10000 dividends to foreign residents, who choose to hold dividends in the form of bank deposits in Turkey. B. Turkish government sends $ 2000 million worth of food aid to Africa C. A tourist travels to Turkey and spends $5000. D. Turkey sold $15000 worth dress to France. E. Turkey bought $10000 worth watches from China. 2.1. Where would you record (which accounts) these transactions in the BOP of Turkey? Explain. ( 2.2. Calculate current account ( 2.3. Did Turkey become a larger international creditor or debtor during this year? Prove it (

A. A Turkish firm pays $ 10000 dividends to foreign residents, who choose to hold dividends in the form of bank deposits in Turkey. B. Turkish government sends $ 2000 million worth of food aid to Africa C. A tourist travels to Turkey and spends $5000. D. Turkey sold $15000 worth dress to France. E. Turkey bought $10000 worth watches from China. 2.1. Where would you record (which accounts) these transactions in the BOP of Turkey? Explain. ( 2.2. Calculate current account ( 2.3. Did Turkey become a larger international creditor or debtor during this year? Prove it (

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A. A Turkish firm pays $ 10000 dividends to foreign residents, who choose to holddividends in the form of bank deposits in Turkey.B. Turkish government sends $ 2000 million worth of food aid to AfricaC. A tourist travels to Turkey and spends $5000.D. Turkey sold $15000 worth dress to France.E. Turkey bought $10000 worth watches from China. Where would you record (which accounts) these transactions in the BOP ofTurkey? Explain. Calculate current account.
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