In 2008, a small country imported goods worth $900 billion and exported goods worth $343 billion. It exported services worth $248 billion and imported services worth $530 billion. Payments on investments abroad totaled $499 billion, while returns paid on foreign investments were $25 billion. Unilateral transfers from the country to other nations amounted to $81 billion. What was the country's merchandise trade deficit for 2008? (In billions of Dollars.)
In 2008, a small country imported goods worth $900 billion and exported goods worth $343 billion. It exported services worth $248 billion and imported services worth $530 billion. Payments on investments abroad totaled $499 billion, while returns paid on foreign investments were $25 billion. Unilateral transfers from the country to other nations amounted to $81 billion. What was the country's merchandise trade deficit for 2008? (In billions of Dollars.)
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 5E
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In 2008, a small country imported goods worth $900 billion and exported goods worth $343 billion. It exported services worth $248 billion and imported services worth $530 billion. Payments on investments abroad totaled $499 billion, while returns paid on foreign investments were $25 billion. Unilateral transfers from the country to other nations amounted to $81 billion. What was the country's merchandise
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