In 2010 Country As GNP is 50000 Consumption is 15000 Investm

In 2010, Country A\'s GNP is $50\'000. Consumption is $15\'000, Investment is $10\'000, Government spending is $5\'000. Country A\'s Trade balance is $-1\'000/ What is Country A\'s balance of: (Export of Services- Imports of Services + Income Receipts - Income Payments + Net Gifts?)

A. 19\'000

B . $30\'000

C. $21\'000

D. $-19\'000

The answer is A. 19,000

Trade balance = Export of good and services - import of goods and services since no other measure is given in the question.

Government spending is income payment while consumption and investment are income receipts

Hencr, the desired balance is. = -1000 + 15000+ 10000 - 5000

= 19000

$In 2010, Country A\'s GNP is $50\'000. Consumption is $15\'000, Investment is $10\'000, Government spending is $5\'000. Country A\'s Trade balance is $-1\'000/$

In 2010 Country As GNP is 50000 Consumption is 15000 Investm

Solution

Get Help Now

Submit a Take Down Notice