Question: Use the following data from the International Monetary Fund to answer questions 3.1 through 3.4. 1. What is Australia's balance on goods? 2. What is

Use the following data from the International Monetary Fund to answer questions 3.1 through 3.4.

1. What is Australia's balance on goods?

2. What is Australia's balance on services?

3. What is Australia's balance on goods and services?

4. What is Australia's current account balance?

Use the following data from the International Monetary Fund to

Assumptions (ilboas of US dollars)2000 201 200 2003 2004 2005 2086 2007 2009 2010 2011 012 203 Gods exports Gods inports 4052 63,676 65.099 70 577 87,207 107,011 124913 142,421 189,057 154,77 213,782 271,719 257,950 25416 As65-61990-70530-85946-105238 .120383-134,509 .160.205-193972 .19216-196303-349238-2701% -349.774 413 1,786-5.431 .15369-18,031 .13372 .95% .17,784-4915 4439 17,479 22A81-12,186 490 Balance cn goods 8,677 16,689 17.9% 21,20526362 31,047 33,088 40,496 45240 40,814 46,968 51,653 53,034 53344 Services cred Services deb Bdlance oa services 289-259-201 433 502 869-3,098LM434510244-12,371,14055 8984 63 8194 9,457 1398 16,445 21,748 32,655 37,320 27,402 35,711 47,852 47,168 45310 19516 18.33 198845 35 665131 73202 769 6589 5464688255 83,615 Balance cn income Current transfas cred Current ransiars debi 2.622 2.242 2,310 2N7 1,145 3,333 3,098 4,402 4997 5313 7510 7,271 7,206 669 222 3 85 3414 3813 4092 4,690 4805579 719 9.723 9,635 939 Balance on curest branstiers

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Australias Current Account Assumptions million US 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Goods credit exports 64052 63676 65099 70577 87207 107011 124913 142421 189057 1... View full answer

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