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 (+)Goods195Services50Investment Income23Transfers0Asset Sales417What is the balance on goods for Cherubland?Debits (-)40061131195What is the balance on the current account for Cherubland?

The main economic activities of a nation, such as its capital markets and services, are included in…

Answered: Services Investment Income 195 50 23 0…

Services Investment Income 195 50 23 0 417 Transfers Asset Sales What is the balance on goods for Cherubland? 400 61 13 1 195 What is the balance on the current account for Cherubland?

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

The following transactions (expressed in U.S. $ billions) take place during a year. Assuming Capital account is zero. Based on it, Allocate each transaction to its account and Calculate the U.S. current-account, financial- account and the balance of payment. a. The United States exports $300 of goods and receives payment in the form of foreign demand deposits abroad. b. The United States imports $225 of goods and pays for them by drawing down its foreign demand deposits. c. The United States pays $15 to foreigners in dividends drawn on U.S. demand deposits here. d. American tourists spend $30 overseas using traveler's checks drawn on U.S. banks here. e. Americans buy foreign stocks with $60, using foreign demand deposits held abroad. f. The U.S. government sells $45 in gold for foreign demand deposits abroad. g. In a currency support operation, the U.S. government uses its foreign demand deposits to purchase $8 from private foreigners in the United States. U.S. balance of payments…
Ques 20: Is currency exchange rate a suitable measure of relative economic performance of countries???
Goods imports 635 Goods exports 419 Services imports 144 Services exports 215 Net unilateral transfers -35 Investment income received 278 Investment income paid 225 Capital account -3 Net US acquisition of financial assets 84 Net US incurrence of of liabilities 158 Net change in financial derivatives -21 Statistical discrepancy Based on Table 9.2, this country is currently running a Group of answer choices balance of goods of 216 current account deficit of 92 balance of services of -71 current account deficit of 127
Refer to Table 4. What was this country's Balance on goods and services equal to in 2016? Table 4. Trade in goods Exports, bln USD 350 Imports, bln USD 600 1a. Merchandise trade balance Trade in services 260 120 1b. Balance on services 1. Balance on goods and services Investment Income 2. Balance on income Unilateral transfers 3. Balance on transfers 4. Current account balance A) $140 bin B) $110 bln C) -$140 bin 190 65
9
1a Russia's BOP in year 2006 was (in millions) $ 1b The net capital flow in year 2006 was (in millions) $
Given the following transactions between the domestic and foreign countries: I. Domestic business borrowed $35 from foreign banks II. Domestic investors sold $50 of their holdings of foreign government bonds III. Domestic investors bought $30 of foreign corporate bonds IV. Foreign investors purchased $45 of domestic government bonds What is Capital Account Balance?
Question: How is this likely to affect economies that are heavily dependent on oil imports? a) Decrease in inflation b) Increase in their trade deficits c) Increase in their exports d) Decrease in their current account deficits
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
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
Which of the following is not included in the current account?a. exports of goodsb. imports of goodsc. U.S. capital inflow and outflowd. unilateral transfers
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