The projected trade deficits for a country in 2021-2023 are in the following table: Net Year Exports (billion $) 2021 -10 2022 -5 2023 2024 ? You are asked to calculate the size of the trade surplus required to balance the sum of net exports for the 2021-2024 period in present discounted value terms. You know that future values are discounted at rate i = 3% . The 2024 surplus that accomplishes this goal is $. billion. Round your answer to the nearest tenth.

The projected trade deficits for a country in 2021-2023 are in the following table: Net Year Exports (billion $) 2021 -10 2022 -5 2023 2024 ? You are asked to calculate the size of the trade surplus required to balance the sum of net exports for the 2021-2024 period in present discounted value terms. You know that future values are discounted at rate i = 3% . The 2024 surplus that accomplishes this goal is $. billion. Round your answer to the nearest tenth.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is a foreign trade deficit or surplus? How does this affectinterest rates?