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18iq 18iq
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A year ago
Given below are the current account transactions of an economy in a year:
i) Exported goods and services worth $120 billion
ii) Imported goods worth $200 billion
iii) Revenue earned from manufacturing plants situated abroad worth $80 billion
iv) Dividend paid to foreign investors worth $10 billion
v) Donations and disaster relief funds given to a foreign country worth $10 billion
vi) "Gifts" received from foreign donors toward poverty alleviation worth $5 billion

a) Calculate the economy's trade balance.
b) What will be the balance in the economy's current account?
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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lnvolley24lnvolley24
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A year ago
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18iq Author
wrote...

A year ago
Thanks for your help!!
momochiime
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Yesterday
this is exactly what I needed
vernonb
wrote...

2 hours ago
Thanks
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