Alphas balance-of-payments data for 2012 are shown below. All figures are in billions of dollars. What are
Question:
(a) Balance on goods,
(b) Balance on goods and services,
(c) Balance on current account,
(d) Balance on capital and financial account? Suppose Alpha sold $10 billion of official reserves abroad to balance the capital and financial account with the current account. Does Alpha have a balance-of-payments deficit or does it have a surplus?
Transcribed Image Text:
$+40 Goods exports Goods imports -30 Service exports +15 Service imports -10 Net investment income -5 Net transfers +10 Balance on capital account Foreign purchases of Alpha assets +20 Alpha purchases of assets abroad -40
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a 10 b 15 c 20 d 20 deficit a Balance on goods Goods Exports minus Goods Imports reported as a negat...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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