The table shows the amounts, in millions of dollars, of balances of various current account components for a nation in 2017. Use the information in the table to calculate the current account balance for 2017. Unilateral Current Goods Services Income Payments 2017 $39851 $14681 $8253 Transfers -$9589 Account Balance
The table shows the amounts, in millions of dollars, of balances of various current account components for a nation in 2017. Use the information in the table to calculate the current account balance for 2017. Unilateral Current Goods Services Income Payments 2017 $39851 $14681 $8253 Transfers -$9589 Account Balance
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 6SCQ: The GDP for the United States is 18,036 billion and its current account balance is 484 billion. What...
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![The table shows the amounts, in millions of dollars, of balances of various current account components for a nation in 2017.
Use the information in the table to calculate the current account balance for 2017.
Unilateral
Current
Goods Services
Income Payments
2017 -$39851 $14681
$8253
Transfers
$9589
Account Balance
Provide your answer below:
million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F152d606a-19d5-42cc-b16b-d3ab7c31caac%2F17ab5246-0758-49d8-a908-1fb1996b3f5f%2Fyld7jkv_processed.png&w=3840&q=75)
Transcribed Image Text:The table shows the amounts, in millions of dollars, of balances of various current account components for a nation in 2017.
Use the information in the table to calculate the current account balance for 2017.
Unilateral
Current
Goods Services
Income Payments
2017 -$39851 $14681
$8253
Transfers
$9589
Account Balance
Provide your answer below:
million
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