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Zorluk: OrtaBalance of Trade and Structure of Balance of Payments

During a financial reporting period, a nation exported 640millionworthofphysicalmerchandiseandimported640 million worth of physical merchandise and imported 810 million worth of physical merchandise. Over the same period, the country recorded +115millioninnetinvisibletrade(services)andreceived115 million in net invisible trade (services) and received 50 million in net unilateral transfers from abroad. Calculate the nation's current account balance in millions of dollars (use a negative sign to indicate a deficit).

Cevap: -5 million dollars

Cevap

The nation's current account balance is -5million(adeficitof5 million (a deficit of 5 million).
The Current Account balance is calculated by taking the sum of the balance of visible trade (merchandise exports minus merchandise imports), net invisible trade (services balance), and net unilateral transfers. Here, the visible trade balance is 640million−640 million - 810 million = -170million.Addingnetinvisibletrade(+170 million. Adding net invisible trade (+ 115 million) and net unilateral transfers (+50million)yieldsacurrentaccountbalanceof−50 million) yields a current account balance of - 170 million + 115million+115 million + 50 million = -$5 million.

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1
Calculate the Balance of Visible Trade (Merchandise Balance)
640million−640 million - 810 million = -$170 million
Visible trade balance consists strictly of tangible merchandise exports minus merchandise imports.
2
Calculate the total Current Account Balance
-170million+170 million + 115 million + 50million=−50 million = - 5 million
The Current Account encompasses the balance of visible trade, net invisible trade (services), and net unilateral/unrequited transfers.

Anahtar Kavram

Structure of Balance of Payments: Current Account Balance
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Balance of Trade and Structure of Balance of Payments

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