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Alpha's balance-of-payments data for 2020 are shown below. All figures are in billions of dollars. Category Value Goods exports $ +50 Goods imports -35 Service exports +25 Service imports -10 Net investment income -5 Net transfers +10 Balance on capital account Foreign purchases of Alpha assets +25 Alpha purchases of assets abroad -60 Instructions: Input all amounts as positive values. a. What is the balance on goods?

Alpha's balance-of-payments data for 2020 are shown below. All figures are in billions of dollars. Category Value Goods exports $ +50 Goods imports -35 Service exports +25 Service imports -10 Net investment income -5 Net transfers +10 Balance on capital account Foreign purchases of Alpha assets +25 Alpha purchases of assets abroad -60 Instructions: Input all amounts as positive values. a. What is the balance on goods?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 46P: Imagine that the economy of Germany finds itself in the following situation: the government budget...
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Alpha's balance-of-payments data for 2020 are shown below. All figures are in billions of dollars. Category Value Goods exports $ +50 Goods imports -35 Service exports +25 Service imports -10 Net investment income -5 Net transfers +10 Balance on capital account Foreign purchases of Alpha assets +25 Alpha purchases of assets abroad -60 Instructions: Input all amounts as positive values. a. What is the balance on goods?
Transcribed Image Text:Alpha's balance-of-payments data for 2020 are shown below. All figures are in billions of dollars. Category Value Goods exports $ +50 Goods imports -35 Service exports +25 Service imports -10 Net investment income -5 Net transfers +10 Balance on capital account Foreign purchases of Alpha assets +25 Alpha purchases of assets abroad -60 Instructions: Input all amounts as positive values. a. What is the balance on goods?
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