#7 The __________ measures the sum of the current account balance plus the private capital account...
#7
The __________ measures the sum of the current account balance plus the private capital account balance.
Official capital balance
Unofficial capital balance
Official settlements balance
Unofficial settlements balance
Homework Answers
Option C.
- The official settlement balance is also called the overall balance.
- This is because, it measures the balance of the economic and financial transactions of an economy.
- It measures the sum of the current account balance plus the private capital account balance.
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#7
The __________ measures the sum of the current account balance
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Using the table below, calculate the following:
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Item Imports of goods and services Foreign investment in Nordland Exports of goods and services Nordland's investment abroad Net interest income Net transfers Statistical discrepancy Billions of dollars 1,200 1,000 1,500 600 7 - 10 - 20
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