Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
What is Australia’s balance on goods?
What is Australia’s balance on services
What is Australia’s balance on goods and services?
What is Australia’s current account balance?

Transcribed Image Text:Millions of U.S. dollars
Goods: credit (exports)
Goods: debit (imports)
Services: credit (exports)
Services: debit (imports)
Primary income: credit
Primary income: debt
Secondary income: credit
Secondary income: debt
2010
2011
2012
2013
2014
2015
2016
2017 2018
2019
2020
213,782 271,719 257,950 254,180 240,704 188,212 192,907 231,566 257,849 271,441 250,660
-196,303 -249,238 -270,136 -249,700 -240,252 -207,225 -198,703 -221,064 -236,906 -223,427 -210,721
46,968 51,653 53,034 53,550 54,240 54,894 58,024 65,174 69,470 70,990 48,382
-51,313 -61,897 -65,405 -67,977 -63,549 -63,656 -62,466 -68,474 -73,319 -72,035 -38,347
35,711 47,852 47,168 46,316 46,637 39,413 39,530 42,603 48,543 49,866 45,613
-84,646-102,400 -88,255 -85,289 -79,805 -67,763 -69,556 -84,511 -94,786 -88,067 -60,852
5,813 7,510 7,271 7,109 6,962 6,586 6,567 6,946 7,159 7,047 6,722
-7,189 -9,723 -9,635 -9,346 -8,996 -7,419 -7,339 -8,192 -7,796 -7,782 -7,629
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