Question Help The table gives some information about Canada's international transactions in 2013. Billions of dollars Item Calculate the balance on the three balance of payments accounts. Imports of goods and services Net foreign investment in Canada Exports of goods and services Net interest income 598 Was Canada a net borrower or a net lender in 2013? Explain your answer. 65 566 >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. 26 Net transfers -2 The current account balance is 8 billion dollars. Statistical discrepancy The capital and financial account balance is bill'on dollars.

Question Help The table gives some information about Canada's international transactions in 2013. Billions of dollars Item Calculate the balance on the three balance of payments accounts. Imports of goods and services Net foreign investment in Canada Exports of goods and services Net interest income 598 Was Canada a net borrower or a net lender in 2013? Explain your answer. 65 566 >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. 26 Net transfers -2 The current account balance is 8 billion dollars. Statistical discrepancy The capital and financial account balance is bill'on dollars.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

1a Russia's BOP in year 2006 was (in millions) $ 1b The net capital flow in year 2006 was (in millions) $
Only typed answer
The table gives some information about U.S. international transactions in 2015 Calculate the balance on the three balance of payments accounts. Was the United States a net borrower or a net lender? Explain your answer. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. The current account balance is billion dollars. The capital and financial account balance is The official settlements account balance is billion dollars. U.S. official reserves are The United States is a investment abroad. billion dollars. because foreign investment in the United States A. net borrower; exceeds B. net lender; exceeds C. net borrower; is less than O D. net lender; is less than U.S. Item Imports of goods and services Foreign investment in the United States Exports of goods and services U.S. investment abroad Net interest income Net transfers Statistical discrepancy Billions of dollars 2,764 502 2,264 175 193 - 127 101
3. 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.
6
18
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
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
2. The Table gives some information about Canada's international transactions in 2010. Item Billions of dollars. Imports of goods and services Net foreign investment in Canada Exports of goods and services. Net interest income. Net transfers Statistical discrepancy 508 54 476 16 (-3) 1 (a) Calculate the balance on the three balance of payments accounts. (b) Was Canada a net borrower or a net lender in 2010? Explain your answer.
Current Account Balance Capital and Financial Account Balance