Over the course of a year, a nation tracked its foreign transactions and arrived at the following

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Over the course of a year, a nation tracked its foreign transactions and arrived at the following amounts:

What are this nation's balance of trade, current account balance, and capital account balance?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:57 PM

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Over the course of a year, a nation tracked its foreign transactions and arrived at the following

Question:

Merchandise exports Service exports Net unilateral transfers 500 75 10 Domestic assets abroad (capital outflows)-200 300 -35 600 Foreign assets at home (capital inflows) Changes in official reserves Merchandise imports Service imports io) 50

Step by Step Answer:

a The below table gives how to calculate balance of trade current account and capital account balanc...View the full answer

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