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Describe how the official statements balance can be positive. Using the following data (millions of RM) in Table 1 for a given year, find the balance on current account, capital account and official settlement balance. Table 1: Exports of goods Exports of services Net unilateral transfers Imports of goods Imports of services Income receipts Statistical discrepancy 850 716 335 145 41 682 Income payments 269 -171

Describe how the official statements balance can be positive. Using the following data (millions of RM) in Table 1 for a given year, find the balance on current account, capital account and official settlement balance. Table 1: Exports of goods Exports of services Net unilateral transfers Imports of goods Imports of services Income receipts Statistical discrepancy 850 716 335 145 41 682 Income payments 269 -171

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 18SCQ: How did large trade deficits hurt the East Asian countries in the mid 1980s? (Recall that trade...
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(а) Describe how the official statements balance can be positive. Using the following data (millions of RM) in Table 1 for a given year, find the balance on current account, capital account and official settlement balance. (b) Table 1: Exports of goods Exports of services Imports of goods Imports of services Income receipts Statistical discrepancy 850 716 335 145 Net unilateral transfers 41 682 Income payments 269 -171
Transcribed Image Text:(а) Describe how the official statements balance can be positive. Using the following data (millions of RM) in Table 1 for a given year, find the balance on current account, capital account and official settlement balance. (b) Table 1: Exports of goods Exports of services Imports of goods Imports of services Income receipts Statistical discrepancy 850 716 335 145 Net unilateral transfers 41 682 Income payments 269 -171
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