Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
To calculate the current account balance for 2005, we need to sum up the individual components given in the table. The components are as follows:
- Goods: [tex]\(-\$ 924,179\)[/tex] million
- Services: \[tex]$ 340,471 million - Income Payments: \$[/tex] 191,400 million
- Unilateral Transfers: [tex]\(-\$ 222,380\)[/tex] million
Let's add these components step by step:
1. Start with Goods:
- Goods = [tex]\(-\$ 924,179\)[/tex]
2. Add Services:
- Goods + Services = [tex]\(-\$ 924,179 + \$ 340,471 = -\$ 583,708\)[/tex]
3. Add Income Payments:
- Previous total + Income Payments = [tex]\(-\$ 583,708 + \$ 191,400 = -\$ 392,308\)[/tex]
4. Add Unilateral Transfers:
- Previous total + Unilateral Transfers = [tex]\(-\$ 392,308 + (-\$ 222,380) = -\$ 614,688\)[/tex]
Therefore, the current account balance for 2005 is:
[tex]\[ -\$ 614,688 \text{ million} \][/tex]
So, the current account balance for 2005 is:
[tex]\[ \boxed{-614688} \text{ million} \][/tex]
- Goods: [tex]\(-\$ 924,179\)[/tex] million
- Services: \[tex]$ 340,471 million - Income Payments: \$[/tex] 191,400 million
- Unilateral Transfers: [tex]\(-\$ 222,380\)[/tex] million
Let's add these components step by step:
1. Start with Goods:
- Goods = [tex]\(-\$ 924,179\)[/tex]
2. Add Services:
- Goods + Services = [tex]\(-\$ 924,179 + \$ 340,471 = -\$ 583,708\)[/tex]
3. Add Income Payments:
- Previous total + Income Payments = [tex]\(-\$ 583,708 + \$ 191,400 = -\$ 392,308\)[/tex]
4. Add Unilateral Transfers:
- Previous total + Unilateral Transfers = [tex]\(-\$ 392,308 + (-\$ 222,380) = -\$ 614,688\)[/tex]
Therefore, the current account balance for 2005 is:
[tex]\[ -\$ 614,688 \text{ million} \][/tex]
So, the current account balance for 2005 is:
[tex]\[ \boxed{-614688} \text{ million} \][/tex]
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.