uring the year 2018, the following information was reported by the Serbia (Thousands USD): Exports of goods Imports of goods Exports of services Imports of services Foreign direct investments Direct investments abroad 2,350,000 Acquisitions of non-financial assets 280,000 4,150,000 Capital transfers to homeland Transfer, Credit 450,000 300,000 Transfer, Debit 250,000 Decrease in Official reserves 55,000 420.000 440,000 130,000 90,000 Lequired: Use the above information to calculate: a. Balance on current account? b. Balance on capital account? c. Balance on financial account? d. Does Serbia balance of payments show a deficit, a surplus, or are its international payments accounts in balance?
uring the year 2018, the following information was reported by the Serbia (Thousands USD): Exports of goods Imports of goods Exports of services Imports of services Foreign direct investments Direct investments abroad 2,350,000 Acquisitions of non-financial assets 280,000 4,150,000 Capital transfers to homeland Transfer, Credit 450,000 300,000 Transfer, Debit 250,000 Decrease in Official reserves 55,000 420.000 440,000 130,000 90,000 Lequired: Use the above information to calculate: a. Balance on current account? b. Balance on capital account? c. Balance on financial account? d. Does Serbia balance of payments show a deficit, a surplus, or are its international payments accounts in balance?
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter31: Open-Economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 4PA
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