The table below contains 2014 balance of payments accounts for Germany (in billions of Euros). Calculate the merchandise trade balance, the balance on goods and services, and the current account balance. Exports of goods services and income receipts (credits) 2,095 Exports of goods and services 1,756 Goods 1,479 Services 277 Primary income receipts 259 Secondary income receipts 78 Imports of goods services and income payments (debits) 1,814 Imports of goods and services 1,510 Goods 1,179 Services 330 Primary income payments 171 Secondary income payments 132 Merchandise trade balance (balance on goods) Balance on goods and services Current account balance
The table below contains 2014 balance of payments accounts for Germany (in billions of Euros). Calculate the merchandise trade balance, the balance on goods and services, and the current account balance. Exports of goods services and income receipts (credits) 2,095 Exports of goods and services 1,756 Goods 1,479 Services 277 Primary income receipts 259 Secondary income receipts 78 Imports of goods services and income payments (debits) 1,814 Imports of goods and services 1,510 Goods 1,179 Services 330 Primary income payments 171 Secondary income payments 132 Merchandise trade balance (balance on goods) Balance on goods and services Current account balance
Chapter18: International Finance
Section: Chapter Questions
Problem 1.1P
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The table below contains 2014 balance of payments accounts for Germany (in billions of Euros). Calculate the merchandise trade balance, the balance on goods and services, and the current account balance.
|
Exports of goods services and income receipts (credits) |
2,095 |
|
Exports of goods and services |
1,756 |
|
Goods |
1,479 |
|
Services |
277 |
|
Primary income receipts |
259 |
|
Secondary income receipts |
78 |
|
Imports of goods services and income payments (debits) |
1,814 |
|
Imports of goods and services |
1,510 |
|
Goods |
1,179 |
|
Services |
330 |
|
Primary income payments |
171 |
|
Secondary income payments |
132 |
|
|
|
|
Merchandise trade balance (balance on goods) |
|
|
Balance on goods and services |
|
|
Current account balance |
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