Examine the following table: Value of Exports (in billions) Value of Imports (in billions) Balance Goods $100 $200 -$100 Services $150 $100 $50 Income Receipts and Payments $300 $200 $100 Unilateral Transfers $30 $60 -$30 $580 $560 $20 The data highlighted in the last row of the table represent the: A) Export-Import Balance B) Current Account Balance C) Income Balance D) Merchandise Trade Balance
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Examine the following table:
| Value of Exports (in billions) | Value of Imports (in billions) | Balance | |
| Goods | $100 | $200 | -$100 |
| Services | $150 | $100 | $50 |
| Income Receipts and Payments | $300 | $200 | $100 |
| Unilateral Transfers | $30 | $60 | -$30 |
| $580 | $560 | $20 |
The data highlighted in the last row of the table represent the:
Current Account Balance Formula = ( Exports - Imports ) + Net income from abroad + Net transfers
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- Economics (1) US Goods Exports (2) US Goods Imports (3) US Service Exports (4) US Service Imports (5) Net Investment Income (6) Net Transfers (7) Foreign Purchases of Assets in the United +30 States +$100 -$60 +40 -90 +20 -15 (8) US Purchases of Foreign Assets Abroad -$30 (9) Balance on Capital Account The table contains hypothetical data for the U.S. balance of payments. All figures are in billions of dollars. The United States has a balance of goods Multiple Choice A surplus of $40 billion. B deficit of $30 billion. C surplus of -$40 billion. D deficit of $160 billion. +5Examine the following table: Value of Exports (in billions) Value of Imports (in billions) Balance Goods $100 $200 -$100 Services $150 $100 $50 Income Receipts and Payments $300 $200 $100 Unilateral Transfers $30 $60 -$30 $580 $560 $20 The data highlighted in the last row of the table represent the: A) Current Account Balance B) Income Balance C) Merchandise Trade Balance3. The balance of payments The following table shows a hypothetical balance-of-payments statement for the United States. All figures are in billions of dollars. Complete the table by filling in the missing cells. Balance of Payments (Billions of U.S. dollars) Current Account Goods and Services Exports 200 Goods and Services Imports -280 Trade Balance Income (net) Current Account Balance Capital Account U.S. Capital Inflow U.S. Capital Outflow Capital Account Balance Statistical Discrepancy 98 -62 10 According to the table, the United States is running a trade The net balance of payments equals $ billion.
- 1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time.2._______ The ability to produce a specific product moreefficiently than any other nation.3._______ Selling and shipping raw materials or products toother nations.4._______ The ability to produce a specific product moreefficiently than any other product.5._______ All business activities that involve exchangesacross national boundaries.6._______ The total flow of money into a country minus thetotal flow of money out of that country over thesame period of time.7._______ A tax levied on a particular foreign product entering a country.8._______ A complete halt to trading with a particular nationor in a particular product.9._______ An international barter transaction.10. _______ An internationally supported bank that providesloans to developing countries to help them grow.a. countertradeb. foreign exchange controlc. multilateral development bank (MDB)d. absolute advantagee. import…(ii) Figure 1 shows the flow of goods, services and payments between Kenya (Home Country) and the rest of the world. Figure 1: Flow of goods, services and payments With reference to Figure 1, explain: a) How the bottom portion, showing the international flow of investments and capital differ from the upper portion. b) The relationship between a current account deficit or surplus and the flow of funds (iii)In 2021, Kenya and Uganda traded milk and textiles and apparel as shown in Table 1. Table 1 shows the varying hours of labour used, per unit of output. Table 1: Uganda’s Trade with Kenya, 2021 Country Milk (Litres) Textile and Apparel (Metres) Kenya 7 8 Uganda 3 2 Required: a) The relative labour cost of milk for each country b) The relative labour cost of textile and apparel for each country c) The country with absolute advantage in the production of each commodity d) The country with comparative advantage in the production of…Question Match the term to its correct definition. Column A 1. 2. 3. 4. 5. f 6. Asia-Pacific Economic Cooperation (APEC) European Union International Trade Agreements North American Free Trade Agreement (NAFTA) O a O b O c Od Protectionism United Nations (UN) What happens when a nation's currency depreciates? Its products become cheaper to other nations. Its trade decreases. Its trade increases. Its products become more expensive to other nations. Question 3 (1 point) Column B a. A trade agreement between the United States, Mexico, and Canada established in 1994 and renegotiated as the United States-Mexico-Canada agreement. b. A political and diplomatic organization established to promote economic and social cooperation between nations. c. Multinational agreements on trade conditions. d. A political and economic union of European states. e. An economics forum consisting of 21 countries in the Asia-Pacific region. f. The concept of protecting a country's domestic industries from foreign…
- (a) Analyze the effects of imports on the domestic price and quantity, and the gains and losses of consumers and producers. (b) Analyze the effects of exports on the domestic price and quantity, and the gains and losses of consumers and producers.China Impose trade sanctions against U.S. firms Do not impose trade sanctions against U.S. firms China trade value = $75 b U.S. China trade value = $5 b Don't renew MFN trade value = $65 b U.S. trade value = $140 b status with China United States China trade value = $285 b U.S. trade value = $35 b China trade value = $275 b U.S. Renew MFN status trade value = $130 b with China Use a payoff matrix to depict this problem. a. Players. b. Strategy. с. Рау-off. d. What is the dominant strategy? e. What is the Nash Equilibrium without an enforceable contract? f. If countries coordinated (collude), what would be the optimal outcome?Balance of Payments (Billions of dollars) Current Accounts U.S. merchandise exports +70 U.S. merchandise imports -67 Merchandise trade balance U.S. service exports U.S. service imports +70 Services balance +35 Goods and services balance +38 Net investment income from abroad -2 Net unilateral transfers -8 Current account balance Financial Accounts Change in U.S.-owned assets abroad Change in foreign-owner assets in the U.S. -40 +42 Financial account balance Statistical discrepancy -30 Trade balance Suppose an Argentine logging company purchases American-made chainsaws. This would be entered as a item under the section of the U.S. current account. According to the table, the United States is running a trade The current account balance suggests that U.S. current account transactions (exports and imports of goods and services, as well as inflow and outflow of investment income and transfers) created outpayments of foreign currencies from the United States that were the inpayments of…
- 7-) Question: Policies that tend to cause Please select one or more option: www.WA a) decrease investment / a trade surplus b) increase investment / a trade surplus c) increase investment / a trade deficit d) decrease investment / a trade deficit e) increase investment / no effect on the trade balance 8-) Question: A real exchange rate . could result from an . in ...... .... ........ .... Please select one or more: a) depreciation / increase / taxes b) appreciation / increase / taxes c) appreciation / increase / government spending d) depreciation/ decrease / government spending e) appreciation / decrease / the world interest rateQuestion 5 (a) Can you identify any implications of purchasing power parity? (b) Examine the exchange rate in your country compared to the Caribbean region. Do you see any large differentials or variations in the exchange rates? (c) Do you think LOOP really works? Give a reason for your answer? (d) If a can of spam costs $2 in the US and 6 pesos in Mexico, what would be the peso/dollar exchange rate if PPP holds? 5. If inflation is 3.5% in US and 7% in Mexico. What will happen to the peso/dollar exchange rate?The table shows the value of exports and imports for the small country of Cherubland. Their chief export is tiny cupid arrows. Use the table to answer the questions. Credits (+) Goods 195 Services 50 Investment Income 23 Transfers 0 Asset Sales 417 What is the balance on goods for Cherubland? Debits (-) 400 61 13 1 195 What is the balance on the current account for Cherubland?
