Analyze Singapore’s balance of payments to examine the economic importance of changes in net foreign wealth position in light of COVID-19. explain and include diagram
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Analyze Singapore’s balance of payments to examine the economic importance of changes in net foreign wealth position in light of COVID-19.
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- Description What accounts for differences in living standards between rich and poor countries today. Explain. Describe some differences in purchasing power parity of rich nations and poor countries today. Use actual examples of the purchasing power in comparison countries (rich and poor) to describe. Be specific.Explain purchasing power parity's importance when comparing countries.Define purchasing power parity. What is the importance of purchasing power parity when you are trying to establish value for a company located in an emerging market?
- US donates made-in-US vaccines to South Africa. How is the transaction recorded on the U.S. balance of payments accounts? debit: net unilateral transfers; credit: merchandise trade debit: merchandise trade; credit: net unilateral transfers debit: merchandise trade; credit: capital and financial account debit: capital and financial account; credit: merchandise tradeExports of goods and services imports of goods and serviİces Net incurrence of financial assets Net acquisition of financial assets Secondary income receed Secondary income paid Investment income paid to foreigners Investment income received from foreigners 2550 1850 1365 1200 340 560 980 1200 Based on the above, the balance on the current account is how much?Find US net export (current account balance) and its relation with US savings and investment. Draw a figure to show it.
- A Canadian professor is paid to teach a summer course in Singapore for 8 weeks. How is the transaction recorded on Canada's balance of payments accounts? debit: service trade; credit: capital and financial account debit: income balance; credit: capital and financial account debit: capital and financial account; credit: service trade debit: capital and financial account; credit: income balanceDistinguish between Exchange Rate Method and Purchasing Power Parity as methods of comparing Country GDP in terms of either income or expenditure through an exampleThe following information on Ghana’s Balance of Payments Accounts for 2013 (million U.S. Dollars) is provided. CURRENT ACCOUNT US$ 1. Merchandise Exports ( £.o.b) 11,679.40 2. Merchandise Imports (£.o.b) -16,092.50 Trade balance -4,413.1 3. Services (net) -2,346.84 Receipts 3,539.40 Payments -5,886.24 4. Income (net) 4,155.98 Receipts -592.96 Payments 202.24 5. Current Transfers (net) 795.20 CAPITAL & FINANCIAL ACCOUNT 6. Capital Account 1,127.78 Capital Transfers 1,127.78 7. Financial Account Direct Investments 3,355.68 Portfolio Investments -87.28 Other Investments 1,737.96 Of which: Short term capital -164.12 Other capital investments 2,172.40…