Based this table, what is the value of the trade balance? a. $100b. -$100c. -$55d. $55 Current AccountExports of goods and services$400Imports of goods and services$500Investment income received$100Investment income paid$75Unilateral transfers received$100Unilateral transfers paid$80

Trade balance = Export of goods and services – import of goods and services. = 400 – 500 = -100

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Based this table, what is the value of the trade balance? a. $100 b. -$100 c. -$55 d. $55

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 21RQ: Name and define three policy tools for enacting protectionism.

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Concept explainers

Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.

Question

Based this table, what is the value of the trade balance?

a. $100

b. -$100

c. -$55

d. $55

Current Account
Exports of goods and services
$400
Imports of goods and services
$500
Investment income received
$100
Investment income paid
$75
Unilateral transfers received
$100
Unilateral transfers paid
$80

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