EBK MACROECONOMICS
EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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Chapter 5, Problem 1NP
To determine

Net Exports, current account balance, financial account balance, balance of payments

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The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.)   Foreign investment in Etruria 82 Secondary (transfers) income received from abroad 13 Primary (investment) income received from abroad 9 Imports of goods and services 148 Exports of goods and services 152 Secondary (transfers) income paid abroad 8 Etruria investment abroad 64 Primary (investment) income paid abroad 25   a. What is the value of the balance of trade?   $   b. What is the balance on the current account? Remember to enter a minus (−) sign to indicate negative values.     c. What is the balance on the capital account?       d. Is there a balance of payments surplus or deficit? How much?
Here are some balance of payments data (without pluses and minuses): Category Exports of goods Imports of goods Service exports Service imports Income receipts from abroad Income payments to foreigners Increase in home country's ownership of assets abroad Increase in foreign ownership of assets in home country Increase in home reserve assets Increase in foreign reserve assets Assuming that unilateral transfers equal zero, find each of the following. Net exports (NX) = - 15 Current account balance (CA) = - 55 Financial account balance (KFA) : = Value 120 155 110 90 110 150 160 190 35 40 (Note: there is a statistical discrepancy, so do not use the current-account balance to determine the financial account balance. Also, the increase in home reserve assets is included in the increase in the home country's ownership of assets abroad, and the increase in foreign reserve assets is included in the increase in foreign ownership of assets in the home country.)
For the past year, a country has 200 million of exports of goods and services, 160 million of imports of goods and services, 60 million of income received from foreigners, and − 40 million of net unilateral transfers. What is the range of values for income paid to foreigners, so that each of the following would be true? a. The country has a current account surplus. b. The country has a deficit for its goods and services balance. c. The country is a net borrower from the rest of the world.
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