Chap04 Pbms MBF12e

Chap04 Pbms MBF12e - Australia's Current Account Australias...

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Australia's Current Account Australia’s Current Account. Use the following data from the International Monetary Fund to answer questions 1 through 4. Assumptions (millions of US dollars) 1998 1999 2000 2001 2002 2003 2004 2005 2006 Goods: exports 55,884 56,096 64,052 63,676 65,099 70,577 87,207 106,969 124,913 Goods: imports -61,215 -65,857 -68,865 -61,890 -70,530 -85,946 -105,238 -120,372 -134,509 Balance on goods -5,331 -9,761 -4,813 1,786 -5,431 -15,369 -18,031 -13,403 -9,596 Services: credit 16,181 17,399 18,677 16,689 17,906 21,205 26,362 28,442 33,088 Services: debit -17,272 -18,330 -18,388 -16,948 -18,107 -21,638 -27,040 -29,360 -32,219 Balance on services -1,091 -931 289 -259 -201 -433 -678 -918 869 Income: credit 6,532 7,394 8,984 8,063 8,194 9,457 13,969 16,969 21,748 Income: debit -17,842 -18,968 -19,516 -18,332 -19,884 -24,245 -35,057 -43,746 -54,131 Balance on income -11,310 -11,574 -10,532 -10,269 -11,690 -14,788 -21,088 -26,777 -32,383 Current transfers: credit 2,651 3,003 2,622 2,242 2,310 2,767 3,145 3,262 3,698 Current transfers: debit -2,933 -3,032 -2,669 -2,221 -2,373 -2,851 -3,414 -3,625 -4,092 Balance on current transfers -282 -29 -47 21 -63 -84 -269 -363 -394 Questions 1998 1999 2000 2001 2002 2003 2004 2005 2006 4.1. What is Australia's balance on goods? -5,331 -9,761 -4,813 1,786 -5,431 -15,369 -18,031 -13,403 -9,596 (goods exports - goods imports) 4.2. What is Australia's balance on services? -1,091 -931 289 -259 -201 -433 -678 -918 869 (services credit - services debit) 4.3. What is Australia's balance on goods and services? -6,422 -10,692 -4,524 1,527 -5,632 -15,802 -18,709 -14,321 -8,727 (balance on goods + balance on services) 4.4. What is Australia's current account balance? -18,014 -22,295 -15,103 -8,721 -17,385 -30,674 -40,066 -41,461 -41,504 (the sum of the four balances listed above, goods, services, income, and current transfers)
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People's Republic of China (Mainland) Balance of Payments China’s (Mainland) Balance of Payments. Use the following Chinese balance of payments data from the IMF to answer questions 5 through 8. Assumptions (millions of US dollars) 1998 1999 2000 2001 2002 2003 2004 2005 2006 A. Current account balance 31,472 21,115 20,518 17,401 35,422 45,875 68,659 160,818 253,268 B. Capital account balance -47 -26 -35 -54 -50 -48 -69 4,102 4,020 C. Financial account balance -6,275 5,204 1,958 34,832 32,341 52,774 110,729 58,862 2,642 D. Net errors and omissions -18,902 -17,641 -11,748 -4,732 7,504 17,985 26,834 -16,441 -13,075 E. Reserves and related items -6,248 -8,652 -10,693 -47,447 -75,217 -116,586 -206,153 -207,342 -246,855 Questions 1998 1999 2000 2001 2002 2003 2004 2005 2006 4.5.
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Chap04 Pbms MBF12e - Australia's Current Account Australias...

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