ountry is $12 bilion. Fl in the missing values in the table. nstructions: Enter your answers as whoie numbers. If you are entering any negative numbers be sure to include a negative sign () ont of those numbers. CURRENT ACCOUNT (in billions of dollars) (1) Goods exports (2) Goods imports (3) Balance on goods -11 (4) Exports of services (5) imports of services -188 (6) Balance on services (7 Balance on goods and services (5) Net imvestment income (9) Net transfers 21 (10) Balance on current account

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 43P: In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77...
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The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this
country is $12 billion.
a. Fill in the missing values in the table.
Instructions: Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign () in
front of those numbers.
CURRENT ACCOUNT (in billions of dollara)
(1) Goods exports
654
(2) Goods imports
(3) Balance on goods
-11
(4) Exports of services
(5) Imports of services
-188
(6) Balance on services
(7) Balance on goods and services
(8) Net investment income
(9) Net transfers
21
(10) Balance on current account
b. The country has a current account (deficit
Transcribed Image Text:The current account for a fictitious country is shown in the table below. The balance on the capital and financial account for this country is $12 billion. a. Fill in the missing values in the table. Instructions: Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers. CURRENT ACCOUNT (in billions of dollara) (1) Goods exports 654 (2) Goods imports (3) Balance on goods -11 (4) Exports of services (5) Imports of services -188 (6) Balance on services (7) Balance on goods and services (8) Net investment income (9) Net transfers 21 (10) Balance on current account b. The country has a current account (deficit
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