EBK MACROECONOMICS
EBK MACROECONOMICS
7th Edition
ISBN: 8220106812686
Author: O'Brien
Publisher: PEARSON
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Chapter 12, Problem 12.2.15PA

Subpart (a):

To determine

Conventional trade statistics.

Subpart (b):

To determine

Is the Conventional trade statistics is consistent or not.

Subpart (c):

To determine

Difficulties faced by the policy.

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The exports of visible goods is worth $30 million and the imports of visible goods is $15 million Calculate the balance of trade
The following table presents the exports and imports of a country in three categories for the years 2005 and 2010. Categorie             Exports (millions $)                  Imports (millions in $)                               2000                  2010             2000                   2010 Agriculture          51,296                70,912           39,186                65,459 Manufacture       625,894              785,599         1,012,855           1,416,302 Minery                 13,479                34,711           135,367               332,500 Construct four matrices, one for each column of the table, whose dimension is 3 x 1. Use two of these matrices to determine matrix E, which will represent the trade balance for the year 2000 and matrix B, which will represent the trade balance for the year 2010. Apply the concepts of matrix algebra to determine the matrix E - F, which will compare both years. Apply the properties of the matrices to determine if the trade balance from…
Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What were its net capital flows in that year? Give two examples of transactions that are part of the net capital flows of Poland, and indicate whether they enter the sum as positive numbers or negative numbers.
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