During the year 2018, the following information was reported by the Serbia (Thousands USD):Exports of goodsImports of goodsExports of servicesImports of servicesForeign direct investmentsDirect investments abroad2,350,000 Acquisitions of non-financial assets4,150,000 Capital transfers to homeland450,000300,000250,00055,000Transfer, CreditTransfer, DebitDecrease in Official reserves280,000420.000440,000130,00090,000Required: Use the above information to calculate:a. Balance on current account?b. Balance on capital account?c. Balance on financial account?d. Does Serbia balance of payments show a deficit, a surplus, or are its internationalpayments accounts in balance?

Balance of payment account is the account that is used by a country to record and manage all the…

uring the year 2018, the following information was reported by the Serbia (Thousands USD): Exports of goods Imports of goods Exports of services Imports of services Foreign direct investments Direct investments abroad 2,350,000 Acquisitions of non-financial assets 280,000 4,150,000 Capital transfers to homeland Transfer, Credit 450,000 300,000 Transfer, Debit 250,000 Decrease in Official reserves 55,000 420.000 440,000 130,000 90,000 Lequired: Use the above information to calculate: a. Balance on current account? b. Balance on capital account? c. Balance on financial account? d. Does Serbia balance of payments show a deficit, a surplus, or are its international payments accounts in balance?

uring the year 2018, the following information was reported by the Serbia (Thousands USD): Exports of goods Imports of goods Exports of services Imports of services Foreign direct investments Direct investments abroad 2,350,000 Acquisitions of non-financial assets 280,000 4,150,000 Capital transfers to homeland Transfer, Credit 450,000 300,000 Transfer, Debit 250,000 Decrease in Official reserves 55,000 420.000 440,000 130,000 90,000 Lequired: Use the above information to calculate: a. Balance on current account? b. Balance on capital account? c. Balance on financial account? d. Does Serbia balance of payments show a deficit, a surplus, or are its international payments accounts in balance?

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter31: Open-Economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 4PA

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