In a given year, a country has $150 million more in imports than in exports, has to pay $25 million in interest and $75 million in principal on its foreign debt and it receives $100 million in workers’ remittances. The country’s overall government budget deficit for the year is $27 It also draws $38 million dollars from its reserves and receives $42 million in portfolio investments from foreign investors. It has no other income payments or receipts. Calculate the current account balance for this country in that year

In a given year, a country has $150 million more in imports than in exports, has to pay $25 million in interest and $75 million in principal on its foreign debt and it receives $100 million in workers’ remittances. The country’s overall government budget deficit for the year is $27 It also draws $38 million dollars from its reserves and receives $42 million in portfolio investments from foreign investors. It has no other income payments or receipts. Calculate the current account balance for this country in that year

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter23: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 6SQ

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