ollowing are the items in the UK’s 2014 balance of payments (£ billions) Exports of goods............................................................................ 292.2 Exports of services.......................................................................... 215.0 Direct and portfolio UK net investment abroad ............................ –24.8 Reserves (adding to = –ve)............................................................... –7.1 Other (mainly short-term) financial inflows to UK.......................... 35.0 Other (mainly short-term) financial outflows from UK................. 100.3 Capital transfers to UK from abroad.................................................. 2.4 Capital transfers abroad from the UK................................................ 1.4 Net incomes and current transfers from/to abroad......................... –70.4 Imports of goods............................................................................ 413.4 Imports of services.......................................................................... 129.0 Direct and portfolio net investment in the UK from abroa
The following are the items in the UK’s 2014 balance of payments (£ billions)
Exports of goods............................................................................ 292.2
Exports of services.......................................................................... 215.0
Direct and portfolio UK net investment abroad ............................ –24.8
Reserves (adding to = –ve)............................................................... –7.1
Other (mainly short-term) financial inflows to UK.......................... 35.0
Other (mainly short-term) financial outflows from UK................. 100.3
Capital transfers to UK from abroad.................................................. 2.4
Capital transfers abroad from the UK................................................ 1.4
Net incomes and current transfers from/to abroad......................... –70.4
Imports of goods............................................................................ 413.4
Imports of services.......................................................................... 129.0
Direct and portfolio net investment in the UK from abroad.......... 151.9
Using the table above, work out the figures for the UK for the following
(d) The direct and portfolio investment balance...................................................................................
(e) The financial account balance..................................................................................................
(f) Net errors and omissions..........................................................................................................
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