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soldier1979 [14.2K]
3 years ago
8

Using the data calculate the balance on current account for this economy.

Business
1 answer:
Sergio039 [100]3 years ago
7 0

Answer:

= - $1050

Explanation:

Current Account:

Balance of Trade negative -$600

Balance of Services =       +$50

Net Income on Investments negative −$400

Net Transfers                      ​-$100

current account (-$600+$50−$400-$100)         - $1050

Exports of Goods +$9,900

Imports of Goods - $10,500

Exports of Services        +$350

Imports of Services ​      -$300

Income Received on Investments +3,300

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