eiteman_178963_im03

eiteman_178963_im03 - Problems 3.1 - 3.4 Australia's...

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

View Full Document Right Arrow Icon
Problems 3.1 - 3.4 Australia's Current Account Assumptions (millions of US dollars) 1998 1999 2000 Goods: exports 55,884 56,096 64,041 Goods: imports 61,215 65,826 68,752 Balance on goods -5,331 -9,730 -4,711 Services: credit 16,181 17,354 18,346 Services: debit 17,272 18,304 18,025 Balance on services -1,091 -950 321 Income: credit 6,532 6,909 8,590 Income: debit 17,842 19,211 19,516 Balance on income -11,310 -12,302 -10,926 Current transfers: credit 2,651 3,003 2,629 Current transfers: debit 2,933 3,032 2,629 Balance on current transfers -282 -29 0 Questions 1998 1999 2000 3.1 What is Australia's balance on goods? -5,331 -9,730 -4,711 (goods exports - goods imports) 3.2 What is Australia's balance on services? -1,091 -950 321 (services credit - services debit) 3.3 What is Australia's balance on goods and services? -6,422 -10,680 -4,390 (balance on goods + balance on services) 3.4 What is Australia's current account balance? -18,014 -23,011 -15,316 (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
Problems 3.5 - 3.9
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.

Page1 / 4

eiteman_178963_im03 - Problems 3.1 - 3.4 Australia's...

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