Items RM (million) Freight and insurance -4,255 Other transportation 93 Income from investment -5525 Travel 655 Other services 1,550 Export 95,750 Imports 98,230 Private short-term capital (net) 3215 Official long-term capital (net) 630 Corporate Investment (net) 9,200 Transfer Payments (net) 350 Errors and Omissions 750   Calculate:   1. Balance of services                2. Current account balance                3. Basic balance              4. Capital account balance               5. Overall balance

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter20: The Global Economy
Section20.2: Direct Foreign Investment- Should We Be Worried?
Problem 1R
icon
Related questions
Question
  1. The following table shows the balance of payment for a country in 2004.

 

Items

RM (million)

Freight and insurance

-4,255

Other transportation

93

Income from investment

-5525

Travel

655

Other services

1,550

Export

95,750

Imports

98,230

Private short-term capital (net)

3215

Official long-term capital (net)

630

Corporate Investment (net)

9,200

Transfer Payments (net)

350

Errors and Omissions

750

 

Calculate:

 

1. Balance of services  

            

2. Current account balance  

            

3. Basic balance

            

4. Capital account balance            

 

5. Overall balance

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Current Account
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co