In 2016, Germany had a balance of trade surplus of 253 billion and a current account surplus
Question:
In 2016, Germany had a balance of trade surplus of €253 billion and a current account surplus of €266 billion. Explain how Germany’s current account surplus could be larger than its trade surplus. In 2016, what would we expect Germany’s balance on the financial account to have been? Briefly explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
The reason Germanys current account surplus was larger than its trade surplus is that ...View the full answer
Answered By
HILLARY KIYAYI
I am a multi-skilled, reliable & talented Market analysis & Research Writer with a proven ability to produce Scholarly Papers, Reports, Research and Article Writing and much more. My ultimate quality is my English writing/verbal skill. That skill has proven to be the most valuable asset for project writing, Academic & Research writing, Proofreading, HR Management Writing, business, sales, and a variety of other opportunities.
4.80+
24+ Reviews
60+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In 2014, Germany had a balance of trade surplus of 217 billion and a current account surplus of 215 billion. Explain how Germany's current account surplus could be smaller than its trade surplus. In...
-
As of January 1, 2016, Room Designs Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock and $6,400 in Retained Earnings. These were the only accounts with balances in the ledger on January...
-
As of January 1, 2016, Shundra Inc. had a balance of $4,500 in Cash, $2,500 in Common Stock, and $2,000 in Retained Earnings. These were the only accounts with balances in the ledger on January 1,...
-
What are the advantages and disadvantages of decentralization? Would you prefer to work in a centralized or decentralized organization and why? What are opportunity costs and what are the economic...
-
Steve Lowe must pay his property taxes in two equal installments on December 1 and April 1. The two payments are for taxes for the fiscal year that begins on July I and ends the following June 30....
-
Based on the results of Experiment 3, as the NH 3 level increased from 0.50 to 4.00 mol, the greatest increase in the amount of NH 2 Cl produced occurred: F. Between the trials of 0.50 and 1.00 mol...
-
The production department of Zunni's Manufacturing is considering two numerically controlled drill presses; one must be selected. Comparison data is shown in the table below. MARR is 10 percent/year....
-
Kenneth Corporation expects to incur indirect overhead costs of $72,000 per month and direct manufacturing costs of $18 per unit. The expected production activity for the first four months of 2013 is...
-
Amazon Sales $177,866 Accounts receivable: Beginning of year 20,816 End of year 16,677 Determine the accounts receivable turnover. For interim computations, carry amounts out to one decimal place....
-
Write a program that produces calendars as output. Your program should have a method that outputs a single months calendar like the one below, given parameters to specify how many days are in the...
-
In 2016, France had a current account deficit of 19 billion (approximately $21 billion). Did France experience a net capital outflow or a net capital inflow during 2016? Briefly explain.
-
An article in the Wall Street Journal stated, The trade outlook in the U.S. has improved slightly overall this year. One big factor behind the smaller gap: Stronger growth in Asia and Europe. a. How...
-
For sport, a 12 kg armadillo runs onto a large pond of level, frictionless ice. The armadillo's initial velocity is 5.0 m/s along the positive direction of an x axis. Take its initial position on the...
-
Selectionsort and quicksort both fall into the same category of sorting algorithms. What Is this category? Divide-and-conquer sorts O Interchange sorts Average time is quadratic Oin log n) sorts
-
What specific questions would you ask the parents in a interview for a family law case? What specific questions would you ask the children in a interview for a family law case?
-
A company s normal capacity is 1 0 0 , 0 0 0 units and at this level variable cost per unit is Rs . 7 5 and fixed cost per unit is Rs . 3 0 . The normal sales price is Rs . 1 6 5 per unit. A...
-
Stanley s Custom Homes is calculating its bad debt expense for 2 0 2 0 . Total sales in 2 0 2 0 were $ 5 0 8 , 9 0 0 . Collections on account were $ 4 2 9 , 6 0 0 . During 2 0 2 0 , the company...
-
On 1 / 1 / 2 0 1 9 X CO acquired 8 0 % of Y common stock for $ 1 5 0 , 0 0 0 in the same day the Y net assets was $ 1 4 0 , 0 0 0 , in the same date the fair value of assets and liabilities were...
-
How is whole life insurance able to maintain a flat payment?
-
If a and b are positive numbers, find the maximum value of f ( x ) = x a (9 x ) b on the interval 0 x 9.
-
Calculate the present worth of a 4.5%, $5000 bond with interest paid semiannually. The bond matures in 10 years, and the investor desires to make 8% per year compounded quarterly on the investment.
-
A rather wealthy man decided he would like to arrange for his descendants to be well educated. He would like each child to have $60,000 for his or her education. He plans to set up a perpetual trust...
-
A man who likes cherry blossoms very much would like to have an urn full of them put on his grave once each year forever after he dies. In his will, he intends to leave a certain sum of money in the...
-
Read the attached case study, and submit your review of the following: 'Defining Standard Projects at Global Green Books Publishing' Make sure to follow the formatting requirements detailed in the...
-
In two-slit interference, if the slit separation is 17 m and the slit widths are each 2.9 m, (a) how many two-slit maxima are in the central peak of the diffraction envelope and (b) how many are in...
-
Your division is considering two projects. Its WACC is 10%, and the projects' after-tax cash flows (in millions of dollars) would be as follows: Expected Cash Flows Time Project A Project B 0 ($30)...
Study smarter with the SolutionInn App