The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Ghalha. Debits Balance-of-Payments Account (Billions of dollars) 30 25 Merchandise Services Income Receipts Unilateral Transfers Total Term Based on the total values of Ghalha's debits and credits, there is more Ghalha. This means that Ghalha has a deficit in the current account. Net Exports 45 15 Current Account Balance 115 How to Calculate Credits (Billions of dollars) 45 10 30 15 Complete the following table based on the credits and debits presented in the previous table. 100 money flowing out of Ghalha to foreign countries than there is flowing into Deficit or Surplus Size of Deficit or Surplus (Billions of dollars)

The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Ghalha. Debits Balance-of-Payments Account (Billions of dollars) 30 25 Merchandise Services Income Receipts Unilateral Transfers Total Term Based on the total values of Ghalha's debits and credits, there is more Ghalha. This means that Ghalha has a deficit in the current account. Net Exports 45 15 Current Account Balance 115 How to Calculate Credits (Billions of dollars) 45 10 30 15 Complete the following table based on the credits and debits presented in the previous table. 100 money flowing out of Ghalha to foreign countries than there is flowing into Deficit or Surplus Size of Deficit or Surplus (Billions of dollars)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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