Pbm04 - Australia's Current Account Australias Current...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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 Goods: exports 55,884 56,096 64,052 63,676 65,099 70,577 Goods: imports 61,215 65,857 68,865 61,890 70,530 85,946 Balance on goods -5,331 -9,761 -4,813 1,786 -5,431 -15,369 Services: credit 16,181 17,399 18,677 16,689 17,906 21,205 Services: debit 17,272 18,330 18,388 16,948 18,107 21,638 Balance on services -1,091 -931 289 -259 -201 -433 Income: credit 6,532 7,394 8,984 8,063 8,194 9,457 Income: debit 17,842 18,968 19,516 18,332 19,884 24,245 Balance on income -11,310 -11,574 -10,532 -10,269 -11,690 -14,788 Current transfers: credit 2,651 3,003 2,622 2,242 2,310 2,767 Current transfers: debit 2,933 3,032 2,669 2,221 2,373 2,851 Balance on current transfers -282 -29 -47 21 -63 -84 Questions 1998 1999 2000 2001 2002 2003 3.1 What is Australia's balance on goods? -5,331 -9,761 -4,813 1,786 -5,431 -15,369 (goods exports - goods imports) 3.2 What is Australia's balance on services? -1,091 -931 289 -259 -201 -433 (services credit - services debit) 3.3 What is Australia's balance on goods and services? -6,422 -10,692 -4,524 1,527 -5,632 -15,802 (balance on goods + balance on services) 3.4 What is Australia's current account balance? -18,014 -22,295 -15,103 -8,721 -17,385 -30,674 (the sum of the four balances listed above, goods, services, income, and current transfers)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
People's Republic of China (Mainland) Balance of Payments Assumptions (millions of US dollars) 1998 1999 2000 2001 2002 2003 A. Current account balance 31,472 21,115 20,518 17,401 35,422 45,875 B. Capital account balance -47 -26 -35 -54 -50 -48 C. Financial account balance -6,275 5,204 1,958 34,832 32,341 52,774 D. Net errors and omissions -18,902 -17,641 -11,748 -4,732 7,504 17,985 E. Reserves and related items -6,248 -8,652 -10,693 -47,447 -75,217 -116,586 Questions 1998 1999 2000 2001 2000 2001 3.5 Is China experiencing a net capital inflow or outflow? -6,322 5,178 1,923 34,778 32,291 52,726 "outflow" "inflow" "inflow" "inflow" "inflow" "inflow" 3.6 What is China's Total for Groups A and B? 31,425 21,089 20,483 17,347 35,372 45,827 3.7 What is China's Total for Groups A through C? 25,150 26,293 22,441 52,179 67,713 98,601 3.8 What is China's Total for Groups A through D? 6,248 8,652
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/10/2011 for the course BUS 464 taught by Professor Pham during the Spring '11 term at Humboldt State University.

Page1 / 8

Pbm04 - Australia's Current Account Australias Current...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online