Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What is the capital and financial account balance... billion dollars
The official settlements account balance is ... billion dollars

Transcribed Image Text:9.4 Study Plan Problem 10 (algo)
Question Help ▼
The table gives some information about Canada's international
transactions in 2010.
Billions
of dollars
Item
Calculate the balance on the three balance of payments accounts.
Imports of goods and services
Net foreign investment in Canada
Exports of goods and services
508
Was Canada a net borrower or a net lender in 2010? Explain your answer.
54
476
>>> If your answer is negative, include a minus sign. If your answer is
positive, do not include a plus sign.
Net interest income
16
Net transfers
-3
Statistical discrepancy
The current account balance is
billion dollars.
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