(а)Describe how the official statements balance can be positive.Using the following data (millions of RM) in Table 1 for a given year, find the balance on currentaccount, capital account and official settlement balance.(b)Table 1:Exports of goodsExports of servicesImports of goodsImports of servicesIncome receiptsStatistical discrepancy850716335145Net unilateral transfers41682Income payments269-171

Answer a) The official statements balance is a special type of account balance used in…

Answered: Describe how the official statements…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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US donates made-in-US vaccines to South Africa. How is the transaction recorded on the U.S. balance of payments accounts? debit: net unilateral transfers; credit: merchandise trade debit: merchandise trade; credit: net unilateral transfers debit: merchandise trade; credit: capital and financial account debit: capital and financial account; credit: merchandise trade
Increase in foreign income will _______ net export but depreciation of domestic currency will ________ net export. Increase: Decrease Increase: Increase Decrease: Increase Decrease: Decrease
US Exports of Goods Imports of Goods Exports of Services Imports of Services Billions USD 22 6 34 21 22 14 -29 Income earned from US owned assets abroad Income paid to foreign assets located in US Net Unilateral Transfers Refer to the above table. With no statistical discrepancy, the capital and financial account balance
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Why and how net exports and net capital flow are related to each other? If Saudi Arabia experience trade deficit does it necessarily create trouble for a county’s economic growth? Using Purchasing-Power Parity Theory, how nominal exchange rates of a country are determined in relation to other countries?
Item Exports of goods and services Imports of goods and services Net interest income Net transfers Urland's investment abroad Foreign investment in Urland 30. A) B) Billions of dollars 635 . -555 -18 22 -467 321 02.0 The above table shows some of the balance of payments accounts for Urland. What is Urland's balance in the official settlements account? $405 billion $62 billion $99 billion $37 billion nożli
2
A Canadian professor is paid to teach a summer course in Singapore for 8 weeks. How is the transaction recorded on Canada's balance of payments accounts? debit: service trade; credit: capital and financial account debit: income balance; credit: capital and financial account debit: capital and financial account; credit: service trade debit: capital and financial account; credit: income balance
The capital account balance is a nation's: net investment income minus its net transfers exports of goods and services minus its imports of goods and services sale of real and financial assets to people living abroad minus its purchases of real and financial assets from foreigners domestic investment spending minus domestic saving
In 2020, the economy of Macroland exported $400 billion of goods and $300 billion of services while it imported $500 billion of goods and $350 billion of services. Furthermore, the rest of the world purchased $250 billion of Macroland's assets. (a) Compute Macroland's balance of payment on the current account and the capital account in 2020. (b) What was the value of Macroland's purchases of assets from the rest of the world in 2020?
Assurme the following to be a portion of the sirmplified balance of payments statement for a hypothetical country. The values are given in billions of dollars. Exports s00 Imports Capital Outflows Capital Inflows - S600 - S200 $120 If the central bank has not changed its holding of foreign-currency reserves during this period, then the capital-service account for this country should I equal to S billion.
When the interest parity condition holds, we know that the domestic interest rate must be approximately equal to:the foreign interest rate.the expected rate of depreciation of the domestic currency.the expected rate of appreciation of the domestic currency.the foreign interest rate minus the expected rate of appreciation of the domestic currency.the foreign interest rate plus the expected rate of appreciation of the domestic currency

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