The citizens of Exland, whose currency is the bun, conduct the transactions outlined in the table below.                                         items                                           Billions of Buns Imports of goods and services     $600 Exports of goods and services      $700  Foreign investment in Exland        $350  Exland's investment abroad          $430  Increase in the official holdings of foreign currency     $20      What is Exland's current account balance?

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 6SCQ: The GDP for the United States is 18,036 billion and its current account balance is 484 billion. What...
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The citizens of Exland, whose currency is the bun, conduct the transactions outlined in the table below.

                                       

items                                           Billions of Buns

Imports of goods and services     $600

Exports of goods and services      $700

 Foreign investment in Exland        $350

 Exland's investment abroad          $430

 Increase in the official holdings of foreign currency     $20 

 

  What is Exland's current account balance? 


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