Using the data calculate the balance on current account for thiseconomy.The value of the current account is: $Round your solution to the nearest whole number and be sure toinclude a negative sign if necessary.Current AccountExports of GoodsImports of GoodsBalance of TradeExports of ServicesImports of ServicesBalance of ServicesIncome Received onInvestmentsIncome Payments onInvestmentsNet Income onInvestmentsNet TransfersValue$9001300350-300200-900Balance- 40050- 700-100

In trade and finance, this can be defined as the part of the balance of payments that tracks the…

Using the data calculate the balance on current account for this economy. The value of the current account is: $ Round your solution to the nearest whole number and be sure to include a negative sign if necessary.

Using the data calculate the balance on current account for this economy. The value of the current account is: $ Round your solution to the nearest whole number and be sure to include a negative sign if necessary.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Using the data calculate the balance on current account for this
economy.
The value of the current account is: $
Round your solution to the nearest whole number and be sure to
include a negative sign if necessary.
Current Account
Exports of Goods
Imports of Goods
Balance of Trade
Exports of Services
Imports of Services
Balance of Services
Income Received on
Investments
Income Payments on
Investments
Net Income on
Investments
Net Transfers
Value
$900
1300
350
-300
200
-900
Balance
- 400
50
- 700
-100

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