Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income 36,063 receipts Imports of goods 132,484 Import of services 29,443 Primary income
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income 36,063 receipts Imports of goods 132,484 Import of services 29,443 Primary income
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Transcribed Image Text:Current Account
Value
Exports of goods
107,941
Exports of services
44,133
Primary income
receipts
36,063
Imports of goods
132,484
Import of services
29,443
Primary income
payments
29,750
Net unilateral
-8,349
transfers
Capital account
-63
Net acquisition of
20,972
financial assets
Net incurrence of
54,471
liabilities
Financial
derivatives
Statistical
discrepancy
Based on the table above, the statistical discrepancy is
-21.,609
21,546
O 21,609
O-21,546
Expert Solution

Step 1
The statistical discrepancy is the amount by the sum of the capital, current and financial account is away from zero, with the sign reversed.
For example: If the sum of capital, current and financial account is 100, then the statistical discrepancy will be -100.
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