The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Morah Debits Credits Balance-of-Payments Account (Billions of dollars) (Billions of dollars) 80 60 30 20 35 25 Merchandise Services Income Receipts Unilateral Transfers Total 170 Based on the total values of Moraha's debits and credits, there is Moraha. This means that Moraha has a deficit in the 40 account. 20 140 money flowing out of Moraha to foreign countries than ther

The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Morah Debits Credits Balance-of-Payments Account (Billions of dollars) (Billions of dollars) 80 60 30 20 35 25 Merchandise Services Income Receipts Unilateral Transfers Total 170 Based on the total values of Moraha's debits and credits, there is Moraha. This means that Moraha has a deficit in the 40 account. 20 140 money flowing out of Moraha to foreign countries than ther

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

In the balance-of-payments of Canada, merchandise imports are recorded as: a positive entry a financial account entry changes in official reserves a current account entry transfers
International Transaction Amount, Billions of $ Services imports -150 Merchandise exports 100 Unilateral transfers (net) -20 Merchandise imports -210 Services exports 200 Income receipts/payments (net) 65 The table above gives hypothetical figures for the U.S. balance of payments. The country’s current-account balance shows a Group of answer choices deficit of $20 billion surplus of $15 billion deficit of $15 billion surplus of $10 billion
A trade deficit occurs when a country: A) Has higher exports than imports B) Has higher imports than exports C) Implements strict import quotas D) Lowers tariffs on all imports
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
Suppose that Argentina's dollar-denominated external assets and liabilities are $10 billion and $100 billion, respectively, and its Argentine peso-denominated external assets are 70 billion pesos (P) and peso-denominated external liabilities are 50 billion pesos (P). Suppose further that Argentina fixes its exchange rate at P1.5 = $US1. a) What is the peso value of Argentina's total external wealth? Is it a net debtor or creditor? b) Suppose that Argentina changes its exchange rate to P2.3 = $US1. How does the external wealth of Argentina change when this occurs?
9
Exports of goods and services 1,872 Imports of goods and services 2,375 Net unilateral transfers -99 Net Investment Income 170 Capital Account -7 Net US acquisition of financial assets 958 Net US incurrence of liabilities 1,391 Net financial derivatives -14 Based on the table above, the balance on the financial account is Group of answer choices 454 447 -14 -447
Q11
SM2
Identify whether each attribute in the following table is an advantage or disadvantage of sharing a currency across country boundaries. Advantage Attribute Lower protectionism Dependent monetary policy Greater certainty for investors Elimination of exchange fluctuations Greater risk of macroeconomic shocks Which of the following are reasons the United States is considered Independent monetary and fiscal policies Limited use of fiscal policy Disadvantage An automatic mechanism for transferring fiscal resources across borders Flexibility of prices and wages currency area? Check all that apply.
Australia has a current account surplus of $3 billion per quarter and a net income deficit of $3 billion per quarter. Which of the following is true? The capital account deficit is $6 billion per quarter Net foreign liabilities are increasing All of the other options The trade surplus is $6 billion per quarter
Confused and unsure how to figure out the dollar and percent amounts