urrent Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the country is running a ____ ____ Group of answer choices current account; surplus financial account; surplus positive; trade balance financial account; deficit
urrent Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the country is running a ____ ____ Group of answer choices current account; surplus financial account; surplus positive; trade balance financial account; deficit
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 13PAE
Related questions
Question
| Current Account | Value |
| Exports of goods | 107,941 |
| Exports of services | 44,133 |
| Primary income receipts | 36,063 |
| Imports of goods | 132,484 |
| Import of services | 29,443 |
| Primary income payments | 29,750 |
| Net unilateral transfers | -8,349 |
| Capital account | -63 |
| Net acquisition of financial assets | 20,972 |
| Net incurrence of liabilities | 54,471 |
| Financial derivatives | 0 |
| Statistical discrepancy |
Based on the table above, the country is running a ____ ____
Group of answer choices
current account; surplus
financial account; surplus
positive; trade balance
financial account; deficit
Expert Solution
Step 1
In economics, a country's current account records the value of its exports and imports of both goods and services, as well as international capital transfers. The current account is so named because goods and services are generally consumed in the current period. The current account records a country's imports and exports of goods and services, as well as payments to foreign investors and transfers such as foreign aid. The current account records a country's imports and exports of goods and services, as well as payments to foreign investors and transfers such as foreign aid.
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