Fill in the blanks in the hypothetical balance of payments statement in the table below. Demand for Canadian Dollars Supply of Canadian Dollars Balance Current Account 470 Exports of goods and services 450 Imports of goods and services Balance of trade -20 77 Foreign factor income from abroad 63 Factor income paid abroad -14 Net foreign factor income 48 Transfers received from abroad Transfers paid abroad -40 Transfers (net) -40 Balance on Current Account Capital Account 143 88 Canadian investment abroad Foreign investment in Canada +55 Net foreign investment 55 Balance on Capital Account 15 Overall Balance (Current + Capital)

Fill in the blanks in the hypothetical balance of payments statement in the table below. Demand for Canadian Dollars Supply of Canadian Dollars Balance Current Account 470 Exports of goods and services 450 Imports of goods and services Balance of trade -20 77 Foreign factor income from abroad 63 Factor income paid abroad -14 Net foreign factor income 48 Transfers received from abroad Transfers paid abroad -40 Transfers (net) -40 Balance on Current Account Capital Account 143 88 Canadian investment abroad Foreign investment in Canada +55 Net foreign investment 55 Balance on Capital Account 15 Overall Balance (Current + Capital)

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter18: International Finance

Section: Chapter Questions

Problem 1.1P

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