The table gives some information about Canadas international transactions in 2010. a. Calculate the balance on the
Question:
The table gives some information about Canada’s international transactions in 2010.
a. Calculate the balance on the three balance of payments accounts.
b. Was Canada a net borrower or a net lender in 2010? Explain your answer.
Transcribed Image Text:
Item Imports of goods and services Net foreign investment in Canada Exports of goods and services Net interest income Net transfers Statistical discrepancy Billions of dollars 508 54 476 16 -3 1
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a The balance on the current account is equal to the sum of imports of goods and services n...View the full answer
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Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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