Question

Using the data calculate 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 include a negative sign if necessary

Current Account Value Balance

Exports of Goods $9900

Imports of Goods 151500

Balance of Trade negative 600−600

Exports of Services 350

Imports of Services ​-300

Balance of Services 50

Income Received

on Investments 3300

Income Payments

on Investments ​-7700

Net Income on

Investments negative 400−400

Net Transfers ​-100

Answer 1

= - $1050

Step-by-step 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