Alphas balance-of-payments data for 2016 are shown below. All figures are in billions of dollars. Category Value
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Question:
Alpha’s balance-of-payments data for 2016 are shown below. All figures are in billions of dollars.
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Instructions: Input all amounts as positive values.
a. What is the balance on goods?
b. What is the balance on goods and services?
c. What is the balance on the current account?
d. What is the balance on the capital and financial account?
Suppose Alpha sold $15 billion of official reserves abroad to balance the capital and financial account with the current account.
e. Does Alpha have a balance-of-payments deficit or does it have a surplus?
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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