of services: 2,500 nt income receipts: 1,600 y income receipts: 400 Imports of services: 5,000 Investment income payments: 2,300 Secondary income payments: 100O e the country's financial account balance.
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- The following balance of payments data is for the economy of Augusta: Foreign investment in Augusta 174 Transfer (net) + 10 Primary income (investment income earned abroad) 72 Imports of goods and services 98 Augusta investment abroad 183 Primary income (investment income paid abroad) 68 Exports of goods and services 92 c) What is the balance on its capital account? d) Is there an overall balance of payments surplus or deficit? How much?Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions. Category Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases Taxes on production and imports Net private domestic investment Transfer payments U.S. imports of goods and services Personal taxes Net foreign factor income Personal consumption expenditures Statistical discrepancy Instructions: Round your answers to 1 decimal place. a. GDP = $ 437.8 billion b. NDP = $426.02 billion C. NI = $ 425.6 billion Billions $ 225.2 18.8 11.8 59.4 14.4 52.1 13.9 16.5 40.5 2.2 249.1 0.0A summary of a country's economic transactions with foreign residents and govemments is called the Answer 1. current account balance. 2. capital account balance. 3. balance of trade. 4. balance of payments.
- A country in Southeast Asia states it's gross domestic product in terms of yen. Last year it's GDP was 50 billion yen when one U.S. dollar could be exchanged into 120 yen. Required : a. Determine the country's GDP in terms of U.S. dollars for last year.The following Table 1 is the balance of payment for Malaysia in the year 2019. Table 1 Items RM (million) Exports of goods 95,750 Import of goods 98,230 Transportation 93 Nett transfer 350 Errors and omissions 750 Official long-term capital (net) 630 Freight and insurance -4,255 Other Services 1,550 Travel 655 Investment Income -5,525 Corporate investment (nett) 9,200 Private short-term capital (nett) 3,215 Based from the Table 1, calculate the following: a. Service account balance. b. Balance in current account. c. Capital account balance. d. Overall balance.The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,110 million. Enter the amount for consumption. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = Public Saving Y-T-G S Value (Millions of dollars) 300 240 Y-C-T $ Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving million million 210 million Based on your calculations, the government is running a budget
- Assume the following to be a portion of the simplified balance of payments statement for a hypothetical country. The values are given in billions of dollars. Exports Imports Capital Outflows Capital Inflows $900 - $675 - $225 $135 If the central bank has not changed its holding of foreign-currency reserves during this period, then the capital-service account for this country should be equal to billion.Consider the following information: Imports $220.5 Net income from foreign investments 53.4 Foreign investments in U.S. 6.4 Government spending abroad 5.6 Exports 170.7 U.S. investments abroad 24.5 Foreign securities bought by U.S. 5.0 U.S. securities bought by foreigners 2.9 Purchase of short-term foreign securities 7.0 Foreign purchases of U.S. short-term securities 9.6 Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place. Balance on current account: $ Balance on capital account: $2. Consider the following international transactions, which together make up all the transaction of the United States with the rest of the world and compile the Balance of Payments Accounts. For each transaction below, enter its value and sign, and whether it belongs to the current or financial accounts. Compute the Current Account Balance, the Financial Account Balance, and indicate whether there is a Balance of Payment surplus or a Balance of Payments deficit (i.e. compute the Balance of Official Settlements). a. A French wine consultant is hired to advise wineries in Missouri on wine tasting. The Missouri wineries pay the consultant $300, which the (French) consultant keeps in a bank account in St. Louis. b. The United States Treasury pays interest on T-bills held by Black Rock, a British Bank, for $200. The bank holds the US dollars in a London account. c. The European Central Bank purchases $100 from a New York bank, paying with euros that the New York bank holds in a bank in…
- These are currency quotes found on a foreign market: GH 4.30/$, and GH 4.55/$. Which currency is appreciating in value?The factors used to convert from one country's currency to another country's currency is called Select one: a. Strike price b. Exchange rate c. Cost of capital d. Price translation Next pa Previous pageIf national income Y = 10,500, disposable income Yd = 8,500 , consumption is C = 8,000, transfer payments TR = 150 and the budget deficit is BD = 200, what is the level of private domestic investment, I ? (please insert the round number without the Euro symbol)