What is the current account?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Use the information in the following table on Mexico’s 2007 international transactions to answer

1. What is the current account?

### International Trade and Finance Data

This dataset provides an overview of various financial components related to international trade and finance:

- **Merchandise exports**: $271,594
- **Merchandise imports**: $281,649
- **Services exports**: $17,512
- **Services imports**: $23,784
- **Income receipts**: $7,972
- **Income payments**: $26,036
- **Unilateral transfers**: $24,197

Each category presents the monetary values in thousands, highlighting a snapshot of trade dynamics, service exchanges, income transactions, and transfers.
Transcribed Image Text:### International Trade and Finance Data This dataset provides an overview of various financial components related to international trade and finance: - **Merchandise exports**: $271,594 - **Merchandise imports**: $281,649 - **Services exports**: $17,512 - **Services imports**: $23,784 - **Income receipts**: $7,972 - **Income payments**: $26,036 - **Unilateral transfers**: $24,197 Each category presents the monetary values in thousands, highlighting a snapshot of trade dynamics, service exchanges, income transactions, and transfers.
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