Category: Economics

Can you help me understand this Economics question?Question 2Consider the follow

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Can you help me understand this Economics question?Question 2Consider the following information about a country’s international transactions during the year 2020:TransactionValueMerchandise exports2,740Merchandise imports2,380Income received from foreigners850Income paid to foreigners1,160Unilateral transfers?Foreign direct investment, outward2,800Foreign direct investment, inward3,100Foreign portfolio investment, outward590Compute the value of the country’s financial account. Assuming that the official reserves account of the country ….  Read More