The table gives some data that describes the economy of Antarctica in 2050. (blions of Antarctica dellars) 200 Calculate Antarctica's current account balance, capital and financial account balance, and the change in Antarctica's official reserves. >>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign. Hem Imports of goods and services Exports of goods and services 75 Net interest -20 Net transfers 50 Foreign investment in Antarctica Antarctica's investment abroad 125 25 Antarctica's current account balance is bilion dollars

The table gives some data that describes the economy of Antarctica in 2050. (blions of Antarctica dellars) 200 Calculate Antarctica's current account balance, capital and financial account balance, and the change in Antarctica's official reserves. >>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign. Hem Imports of goods and services Exports of goods and services 75 Net interest -20 Net transfers 50 Foreign investment in Antarctica Antarctica's investment abroad 125 25 Antarctica's current account balance is bilion dollars

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 43P: In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77...

See similar textbooks

Similar questions

The GDP for the United States is 18,036 billion and its current account balance is 484 billion. What percent of GDP is the current account balance?
a-1. Compute the balance on the U.S. direct investment.
Only typed answer
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 (+) Goods 195 Services 50 Investment Income 23 Transfers 0 Asset Sales 417 What is the balance on goods for Cherubland? Debits (-) 400 61 13 1 195 What is the balance on the current account for Cherubland?
A4
Question: In an economy with a high dependency on tourism, which faces a prolonged period of border closures due to global health concerns, what is the most likely short-term impact on the country's current account balance? A. A significant improvement in the current account balance due to a decrease in international travel expenditures. B. A deterioration in the current account balance due to a sharp fall in tourism revenues. C. No significant change in the current account balance, as reduced tourism is offset by increased domestic spending. D. A shift towards a surplus in the trade balance as imports decrease due to reduced demand from tourists. Don't use chatgpt please provide valuable answer
Some economists warn that the persistent trade deficits and a negative current account balance that the United States has run will be a problem in the long run. Do you agree or not? Explain your answer.
What is included in the current account balance?
If the trade deficit of the United States increases, how is the current account balance affected?
State whether each of the following events Involves a financial flow to the Mexican economy or a financial flow out of the Mexican economy: Mexico Imports sen4ces from Japan Mexico exports goods to Canada U.S. investors receive a return from past financial investments in Mexico
In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77 billion. It imported goods worth 225 billion and services worth Â£66 billion. Receipts of income from abroad were 140 billion while income payments going abroad were 131 billion. Government transfers from the United Kingdom to the rest of the world were 23 billion, while various U.K government agencies received payments of 16 billion from the rest of the world. Calculate the U.K. merchandise trade deficit for 2001. Calculate the current account balance for 2001. Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.
Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower trade imbalances, or is the pattern unpredictable?