In 2001, the economy of the United Kingdom exported goods worth £192 billion and services worth another £77 billion. It imported goods worth £225 billion and services worth £66 billion. Receipts of income from abroad were £140 billion while income payments going abroad were £131 billion. Government transfers from the United Kingdom to the rest of the world were £23 billion, while various U.K government agencies received payments of £16 billion from the rest of the world.

A) Calculate the U.K. merchandise trade deficit for 2001.

B) Calculate the current account balance for 2001.

C) Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.

Answers

Answer 1

Answer:

A) Deficit 30 , B) Deficit 20 , C) Forex inflow is at positive side, forex outflow on negative side

Explanation:

A) Merchandise deficit is the difference between value of exported visible goods & imported visible goods.

UK 2001 trade deficit = Goods export value - Goods import value

£192 - 225 = - 30

So, Trade Deficit = 30

B) Current account balance is the difference between : forex inflow by goods & services exports, unilateral transfers, factor incomes received and- forex outflow by goods & services imports, unilateral transfers, factor incomes paid.

Current account Balance = (Goods & services export value + Income & transfer payments from abroad) - (Goods & services import value + Income & transfer payments to abroad)

= (192 + 77 + 140 + 16) - (225 + 66 + 131 + 23)

-20 [Deficit]

C) An item causing foreign exchange inflow leads to positive side on current account balance (eg exports). An item causing foreign exchange outflow leads to negative side on current account balance (eg imports)


Related Questions

If you were starting a company, what would be included in your social
responsibility statement?\]-

Answers

I would hire professionals

.You recently came into a large sum of cash. After putting a portion towards paying off existing debts, you have decided to put the rest into investments to help secure your personal financial future. Please discuss at least three options. For each option, you should identify the option, explain how it works, and give your reason for selecting it.

Answers

Answer:

Depending on your age, you can diversify your investment in 3 ways:

Stocks: on the long term this is the best investment possible since it yields the highest returns and it is fairly safe, of course depending on which type of corporations you decide to invest. You buy stocks from corporations that trade in public markets and earn money by receiving dividends and is the stock price increases. Corporate bonds: they are a safer investment but yields lower returns than stocks. You buy bonds issued by corporations that generally pay annual or semiannual coupons. US Treasuries: they are the safest investment, but also the one that yields the lowest returns. Investing in government bonds is very safe, since the government should be able to pay its debt since it owns the machine that prints money. The problem with this investment is that yields tend to be very low and if you compare them to inflation, they might yield negative real returns.

Linda perkins 64 shared a home all year with her son, dennis 41 and dennis son chase 20. Linda and dennis worked full time and chase was a part time student. Linda and dennis have earned income and an AGI of at least 20000 but less than 30000 which of them may claim and receive the earned income tax credit

Answers

Answer:

Either Linda or Dennis, but not both

Explanation:

Based on the information given we were told that the mother which is Linda of 64 years old shared a home with her son which is dennis of the age of 41 in which chase which is dennis son is 20 years old (Linda grandson) which means that if the mother and the son ( Linda and dennis) worked full time and earned income as well as AGI which means ADJUSTED GROSS INCOME of at least 20,000 but less than the amount of 30,000 EITHER Linda or Dennis, but not both may claim and as well receive the earned income tax credit reason been that Linda and her son Dennis both shared a home meaning they both leave together and they both worked full time and earned income.

Difference between assets and liabilities.

Answers

Answer:

see below

Explanation:

Assets are valuable items that a person or a business owes. They are classified into current and fixed assets. Assets are the resources available for use by a person or a business. They are in the form of cash, inventory, motor vehicles, properties, buildings, plant and machinery, and many others. Assets are the wealth of an entity.

Liabilities are debts of a business or person. They are what is owed to third parties. Liabilities are express in monetary terms. They are made up of loans, debts, interest payable, accounts payable, or any other obligation a business or a person is expected to pay.

Type the correct answer in the box. Spell all words correctly.
The Internet is a worldwide communications network. Which device connects computer networks and computer facilities?
The Internet connects computer networks and computer facilities through a device called the
.

Answers

Answer:

This device is known as a TCP/IP, commonly known as an internet protocol.

Explanation:

who is excited for season 7 on modern warfare

Answers

Answer:

Bruh my cousin already got it lol

Explanation:

i am tho

How is the focus group discussion (POD) used as a method of generating ideas?

Answers

Answer:

In a focus group, a moderator leads a group of people through an open, in-depth discussion rather than simply asking questions to solicit participant response. For a new product area, the moderator focuses the group discussion in either a directive or a nondirective manner.

A corporation has how many owners?

Answers

Answer:

One owner

Explanation:

Answer:

one owner

Explanation:

The business has one owner, who is responsible for all aspects of the business and receives all the profits from the business. Legally, the owner IS the business. Income and expenses are reported on the regular individual tax forms, such as the Federal 1040.

Which statements about the offer are true? Check all that apply.

Answers

Answer:

there is no picture

Explanation:

E-mail marketing serves all of the following purposes except

Answers

Answer:

To encourage customers to forward the e-mail to their friends.

Answer:

ion know bout that one there

Explanation:

someone please help me!!!

Answers

Answer:

Okay

1. Sell more

2. rise

3. Once they sell half of there stock, so they have money to make more.

Explanation:

1. Clark is the kind of manager that values input from his team and likes to involve them in the decision-making process. He prefers to avoid micromanagement and works hard to make
sure that his employees are well taken care of and empowered to make decisions. Based on this, what kind of manager is Clark?
reductive manager
exploitative manager
о
confrontational manager
democratic manager

Answers

Answer:

democratic manager

Explanation:

A democratic manager invites participation from members in the decision-making process. In this leadership style, every member is encouraged to contribute their ideas and opinions. Members' involvement leads to increased feelings of recognition and satisfaction.

Democratic leadership is also referred to as participative leadership.  It contrasts with autocratic leadership, where the leader makes all the decisions without consultation.

Blogs are used for all of the following except
O professional development
O editing corporate documents
O sharing news
O promotions

Answers

Answer:

B - editing corporate documents

Answer:

I thing promotions

Explanation:

please mark me branlast


A full-time job usually means you will work how many hours per week?
A 20
B. 35
C. 40
D. 55

Answers

A full time job usually means you will work forty hours a week.

Answer:

c

Explanation:

100 points LOLOL WHOEVER COMES HERE FIRST WILL ALSO BE MARKED BRAINLIEST

Answers

Answer:

sdadasd

Explanation:

Answer:

hi hi i hope you have a great day and take care of yourself

The same networking letter can be sent to every member of a job network

Please select the best answer from the choices provided

T F

Answers

Answer:

False.

Explanation:

A networking letter can be defined as a type of cover letter or a job-hunting tool written to friends, friends of friends, or professionals in the author's job network to request assistance and support such as introductions, job leads, meetings, referrals and career advice.

Generally, it is advisable to draft and send out different networking letters to the members in your job network.

Hence, the same networking letter shouldn't be sent to every member of a job network so as to increase one's chance of getting a favorable and positive response.

Answer:

False

Explanation:

Got it right on edge 2021

Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?

Answers

Answer:

$197,263.7

Explanation:

The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,

the interest rate will be -6%

The formula for compound interest is  FV = PV × (1+r)^n

in this case

FV= current value

PV= $237,500

r= -6% or -0.06%

n= 3 years

Fv= $237, 500 x ( 1 + (-0.06)^3

Fv=$237,500 x (0.94)^3

Fv= $237,500 x 0.830584

Fv= $197,263.7

The current value =$197,263.7

How to use font style tool in word document ​

Answers

Answer:

♥〜 こんにちは〜 ♥

!

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Please Help 100 Points + Brainlest Answer
Take in note *If I have $1046 spending cash for 1 month * Answer the Following questions based on that.
Your daughter gets sick and has to be in the hospital. You have to pay $2000 out of pocket before the health insurance company starts to pay the bill. What is this an example of?
Did you have enough left over from your pay check to cover that expense?
The following month, your wife gets into a car accident. She is out of work, but luckily you have been paying for _________________________ which helps pay the bills.
The month after, your son gets into a minor car accident. You must pay $500 out of pocket before your _______________________ company pays for the rest of the damages.
Your insurance goes up to $250 per month from $100. Do you have enough left over from your paycheck to cover that expense?
The government passes a new tax law that increases the tax percentage to 20% (.2) for less than $50,000, 30% (.3) for 50-99,999, and 40% (.4) for anyone making over $100,000. How much less will you be bringing home after taxes?
You get laid off from your job and find a job that only pays $25,000 a year. Your spouse finds a job that only makes $25,000 a year. You make $50,000 total but now you have to pay for daycare which is $300 a month. How much money do you have left over after you include all your other expenses?
Do you have enough money, or do you have to cut back on your expenses?
You want to go on vacation, and you charge $6,000 for a vacation to Disney. If the interest rate is 25%, how much will you have to pay IF you were able to pay it off all at once? 6,000 x .25 = _____ + 6,000 = _______
You have a third child, and now your grocery bill goes up another $100. How much do you have left over?

Answers

Explanation

you ill have 234 left

Explanation:

234 Will Be Left Hope It Helps U

similarities between editing and proofreading

Answers

A proofreader will look for misspelling, incorrect/ missed punctuation, inconsistencies , etc. Editing, corrects issues at the core of writing like sentence construction and language clarity.
——————————————————-
Hope this helps :)

Can poor ethics lead to criminal behavior?

Answers

Answer:

Yes, because they lead people to make poor decisions.

Explanation:

Answer:

Yes, ethics are actually the very foundation of the criminal justice system. They're what helped us, as a society, develop the moral reasoning we use, define criminal activity, and deem acceptable as punishment. This in result if there is poor ethics it can lead to criminal behavior.

-I hope this helps have a great day!

_____ describes how the owner and employees think, feel, and act as a business
A Social responsibility
B Corporate culture
C Philanthropy
D Integrity

Answers

Answer: I believe it is Corporate Culture, B.

Explanation:

Which of the following is a variable expense?
Rent
Groceries
Car Insurance
Cable Bill

Answers

Answer:

car insurance

Explanation:

Car Insurance Is a variable expense

if your a real larry fan you can finsh this song

This aint no race but i still take first.....
finsh it

Answers

Answer:ooh idk

Explanation:

Answer:

first place.. take yo man just to shove it in yo face..

lolz i haven't listened to that in a while

Explanation:

ttttpppwwkkk

Agency authority directly communicated by the principal to the agent is called
O Express authority
O Implied authority
O Power of attorney
O Apparent authority

Answers

Answer:

O Express authority

Explanation:

In express authority, the principal communicates directly to the agent.  The principal instructs the agent, either in writing or orally, to act on their behalf.  In express authority, the directives given are for the agent to represent the principle on a specific matter. The scope of authority entrusted is clearly defined and understood by both parties.

Many performers, like singers, actors, and athletes, get paid large amounts of money. Do you think they earn these amounts or should they get paid less? Why?

Answers

Answer:

no they work for what they have and they work there way to where they are because not everyone can wakeup and be a D-1 football player or a singer those things take time, effort, determination to not give up, and etc. So with all this i think they get payed for what they earn becuase not all singers actors and althletes make the same amount of money!

Explanation:

Answer:

I think they do because it takes 12 to 15 hours to make a 20 minutes episode

just think about it 20 minutes for us is 2 days of work for them

Explanation:

10. The processes of collecting, analyzing, and reporting market research information make up a
O A. marketing information system.
O B. market segmentation.
O C. competitive analysis.
O D. mass market

Answers

Answer:

O A. marketing information system

Explanation:

Marketing research is the gathering, analyzing, and interpreting information about a product, a service, or a market for a product to be offered for sale. A marketing information system is a computerized way of collecting and organizing market research data. It is a formal and digital method of assembling and analyzing information regarding specific issues related to the marketing of goods and services.

Manuel operates equipment that moves natural gas through pipelines. Manuel is a Gas Compressor. Pipefitter. Power Dispatcher. Surveyor.

Answers

Answer:

Gas Compressor Operator

Explanation:

A gas compressor operator works with steam or internal combustion engines to compress and transmit gases through pipelines.

He or she directs various control nodes and adjust valves in the compressor engines, pumps, and other related equipment. They monitor pressure, temperature gauges, and other safety components to ensure the safe passage of gases in the pipelines.

Answer:

A gas person

Explanation:

Which of the following is TRUE? *
Short term goals are typically 1 - 2 years long
An example of a goal being achievable is someone wanting it really badly
Your most expensive expenses are typically entertainment and clothing
If you are over budget, you must increase income or decrease total expenses

Answers

Answer:

increase income or decrease total expenses

Explanation:

Over budget refers to a situation where the estimated costs exceed the actual resources available or the amount allocated. Over budget is when expenses are more than allocated finances.

There are insufficient funds in an over budget. To address the insufficient funds issue, more resources must be obtained, or the expenses must be reduced.

2. Which type of account(s) give you the LOWEST rate of return on your money?

Answers

Answer:

Bank, savings account.

Explanation:

The average interest rate that you get if you put your money in Saving account is only between 0.06 - 0.35 % each year. For most people, this won't even cover the bank charges.

But,  other form of accounts that provide you higher interest rates typically less liquid. It means that the amount of money that you put would be stuck in that account for a specific period of time. You wouldn't be able to take out the money that you put in such account until the period is over.

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