Homework Assignment 4Chapters 1619 Score 0012 pts 14 0125 24

Homework: Assignment #4-Chapters #16-#19 Score: 0012 pts 14 0125 (24 complete)Y HW Score: 96%, 48 Concept: Current Account 1 Using the data cakulate the balance on current account for this economy The value of the current account is: Round your solution to the nearest whole number and be sure to inctude a Current Account Exports of Goods Imports of Goods Balance of Trade Exports of Services Imports of Services Balance of Services Income Received on Investments Income Payments on Investments Net Income on Investments Net Transfers Value Balance $500 1800 -1300 350 300 50 400 700 300 -100 Enter your answer in the answer box and then click Check Answer Check Answer Clear All All parts showing

Solution

Current account balance ($) = Balance of trade + Balance of services + Net income on investment + Net transfers

= - 1300 + 50 - 300 - 100

= -1650