Am. 102. The table shows the amounts, in millions of dollars, of balances of various current account components for a nation in 2017.Use the information in the table to calculate the current account balance for 2017.UnilateralCurrentGoods ServicesIncome Payments2017 -$39851 $14681$8253Transfers-$9589Account BalanceProvide your answer below:million

To calculate the current account balance for the nation in 2017, we sum up all the components…

Answered: The table shows the amounts, in…

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: International Finance

Section: Chapter Questions

Problem 3QP

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Question 2 Table 1 represents the components of the UAE current account balance during 2019-2020. Table 1 Current Account Balance in Billion Dirhams 2019 2020 Exports: Goods 1152.4 1003.0 228.2 Services Total Exports Imports: Goods 331.5 856.9 774.1 Services 323.9 218.6 Total Imports Net Exports Net transfers + investment income net Investment income Net 7.6 -1.7 Net transfers Total Transfers Current account Balance Source Central Bank of UAE -173.6 -159.7 1. Complete table 1 2. Interpret your results.
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