Question 2 What are the two main accounts of the balance of payment account? b. Use the information given below and answer the questions (i-iv) a. Items Kina (Million) Visible Exports Repayment of Loan Export of Raw Material Shipping Earnings Tourists Earnings Interest Paid Overseas Visible Imports Import of Raw Material Invisible Imports 200 25 50 20 25 20 150 75 100 i. Calculate the value of total visible exports. ii. ii. Calculate the overall balance of payment. Calculate the value of invisible balance. Calculate the balance on current account. V.
Question 2 What are the two main accounts of the balance of payment account? b. Use the information given below and answer the questions (i-iv) a. Items Kina (Million) Visible Exports Repayment of Loan Export of Raw Material Shipping Earnings Tourists Earnings Interest Paid Overseas Visible Imports Import of Raw Material Invisible Imports 200 25 50 20 25 20 150 75 100 i. Calculate the value of total visible exports. ii. ii. Calculate the overall balance of payment. Calculate the value of invisible balance. Calculate the balance on current account. V.
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter31: Open-Economy Macroeconomics: Basic Concepts
Section: Chapter Questions
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![Question 2
What are the two main accounts of the balance of payment account?
b. Use the information given below and answer the questions (i-iv)
a.
Items
Kina (Million)
Visible Exports
Repayment of Loan
Export of Raw Material
Shipping Earnings
Tourists Earnings
200
25
50
20
25
Interest Paid Overseas
20
Visible Imports
Import of Raw Material
Invisible Imports
150
75
100
i.
Calculate the value of total visible exports.
Calculate the value of invisible balance.
Calculate the balance on current account.
Calculate the overall balance of payment.
ii.
iii.
iv.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa8b6a752-4d61-4bdb-ab0b-6c002c3c6fe0%2F36fc59a1-c41f-4790-b125-ea49729c3e8b%2F1uy7osf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2
What are the two main accounts of the balance of payment account?
b. Use the information given below and answer the questions (i-iv)
a.
Items
Kina (Million)
Visible Exports
Repayment of Loan
Export of Raw Material
Shipping Earnings
Tourists Earnings
200
25
50
20
25
Interest Paid Overseas
20
Visible Imports
Import of Raw Material
Invisible Imports
150
75
100
i.
Calculate the value of total visible exports.
Calculate the value of invisible balance.
Calculate the balance on current account.
Calculate the overall balance of payment.
ii.
iii.
iv.
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