2 The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Gamros.Complete the table by calculating the total values of credits and debits.DebitsCreditsBalance-of-Payments Accounts (Billions of dollars) (Billions of dollars)$70$50$20$20$30MerchandiseServicesIncome ReceiptsUnilateral TransfersTotal Values of Debits and Credits$20$35$25Based on the total values of Gamros's debits and credits, there is money flowing out of Gamros to foreign countries than there is flowing intoGamros. This means that Gamros has a deficit in theaccount.Complete the following table based on the credits and debits presented in the previous table. (Hint: Use a negative sign to indicate a deficit.)TermCurrent Account BalanceBalance of TradeEquals the Value ofCredit or Debit(Billions of dollars)

BOP analyses all of the exports and imports of commodities and services for a specific time frame.…

The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Gamros. Complete the table by calculating the total values of credits and debits. Debits Balance-of-Payments Accounts (Billions of dollars) $70 Merchandise Services Income Receipts Unilateral Transfers Total Values of Debits and Credits $20 $35 $25 Credits (Billions of dollars) $50 $20 $20 $30 Based on the total values of Gamros's debits and credits, there is money flowing out of Gamros to foreign countries than there is flowing int Gamros. This means that Gamros has a deficit in the account. Term Current Account Balance Balance of Trade Complete the following table based on the credits and debits presented in the previous table. (Hint: Use a negative sign to indicate a deficit.) Equals the Value of Credit or Debit (Billions of dollars)

The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Gamros. Complete the table by calculating the total values of credits and debits. Debits Balance-of-Payments Accounts (Billions of dollars) $70 Merchandise Services Income Receipts Unilateral Transfers Total Values of Debits and Credits $20 $35 $25 Credits (Billions of dollars) $50 $20 $20 $30 Based on the total values of Gamros's debits and credits, there is money flowing out of Gamros to foreign countries than there is flowing int Gamros. This means that Gamros has a deficit in the account. Term Current Account Balance Balance of Trade Complete the following table based on the credits and debits presented in the previous table. (Hint: Use a negative sign to indicate a deficit.) Equals the Value of Credit or Debit (Billions of dollars)

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter19: The International Monetary System: Order Or Disorder

Section: Chapter Questions

Problem 2TY

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