The tables contain the current account data for a small country. All values are in millions of dollars. Use the tables to answer the questions. Goods Services Exports (millions of dollars) 100 80 Income payments Transfers Inflows (millions of dollars) 50 5 What is the value of the balance of trade? balance of trade: $ Imports (millions of dollars) 90 95 current account balance: $ Outflows (millions of dollars) 60 15 What is the value of the current account balance? million million

The tables contain the current account data for a small country. All values are in millions of dollars. Use the tables to answer the questions. Goods Services Exports (millions of dollars) 100 80 Income payments Transfers Inflows (millions of dollars) 50 5 What is the value of the balance of trade? balance of trade: $ Imports (millions of dollars) 90 95 current account balance: $ Outflows (millions of dollars) 60 15 What is the value of the current account balance? million million

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...

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