The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.) Foreign investment in Etruria Secondary (transfers) income received from abroad Primary (investment) income received from abroad Imports of goods and services Exports of goods and services Secondary (transfers) income paid abroad Etruria investment abroad Primary (investment) income paid abroad a. What is the value of the balance of trade? $ b. What is the balance on the current account? Remember to enter a minus (-) sign to indicate negative values. 9 c. What is the balance on the capital account? 15 d. Is there a balance of payments surplus or deficit? How much? (Click to select) of < Prev 18 of 18 75 12 10 154 163 8 70 31 Next >
The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.) Foreign investment in Etruria Secondary (transfers) income received from abroad Primary (investment) income received from abroad Imports of goods and services Exports of goods and services Secondary (transfers) income paid abroad Etruria investment abroad Primary (investment) income paid abroad a. What is the value of the balance of trade? $ b. What is the balance on the current account? Remember to enter a minus (-) sign to indicate negative values. 9 c. What is the balance on the capital account? 15 d. Is there a balance of payments surplus or deficit? How much? (Click to select) of < Prev 18 of 18 75 12 10 154 163 8 70 31 Next >
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 44P: Imagine that the U.S. economy finds itself in the following situation: a government budget deficit...
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18
![The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.)
Foreign investment in Etruria
Secondary (transfers) income received from abroad
Primary (investment) income received from abroad
Imports of goods and services
Exports of goods and services
Secondary (transfers) income paid abroad
Etruria investment abroad
Primary (investment) income paid abroad
a. What is the value of the balance of trade?
$
b. What is the balance on the current account? Remember to enter a minus (-) sign to indicate negative values.
9
c. What is the balance on the capital account?
15
d. Is there a balance of payments surplus or deficit? How much?
(Click to select) of
< Prev
18 of 18
75
12
10
154
163
8
70
31
Next >
P](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F045a8244-192b-480f-be1a-1c18909686a5%2Fc3568da5-ae44-4076-8f9b-cd127b6c8ce3%2Fz6xw4g4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.)
Foreign investment in Etruria
Secondary (transfers) income received from abroad
Primary (investment) income received from abroad
Imports of goods and services
Exports of goods and services
Secondary (transfers) income paid abroad
Etruria investment abroad
Primary (investment) income paid abroad
a. What is the value of the balance of trade?
$
b. What is the balance on the current account? Remember to enter a minus (-) sign to indicate negative values.
9
c. What is the balance on the capital account?
15
d. Is there a balance of payments surplus or deficit? How much?
(Click to select) of
< Prev
18 of 18
75
12
10
154
163
8
70
31
Next >
P
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