Use the following balance of payments data for Australia from
the IMF:
What is Australia's current...
Use the following balance of payments data for Australia from
the IMF:
What is Australia's current account balance for years 2007,
2009, and 2015?
Australia's Current Account
Assumptions (million US$)
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Goods, credit (exports)
107,011
124,913
142,421
189,057
154,777
213,782
271,719
257,950
254,180
240,704
188,345
Goods, debit (imports)
−120,383
−34,509
−160,205
−193,972
−159,216
−196,303
−249,238
−270,136
−249,700
−240,252
−207,658
Services, credit (exports)
31,047
33,088
40,496
45,240
40,814
46,968
51,653
53,034...
Components
Trillions of $
Consumption
$10
Durable Goods
$3
Nondurable Goods
$4
Investment
$2
Services
$10...
Components
Trillions of $
Consumption
$10
Durable Goods
$3
Nondurable Goods
$4
Investment
$2
Services
$10
Government Purchases
$5
Structures
$1
Changes in Inventories
$1
Exports
$3
Imports
-$1
Income receipts from rest of the world
$2
Income receipts to rest of the world
$1
Depreciation
$3
According to the data above, calculate net exports.
With the data above, use both the demand side or supply side
approach to calculate GDP for this economy.
Using the data above calculate Net...
Commonly used measures for the globalisation of markets and
production are the following ratios: World Exports/World...
Commonly used measures for the globalisation of markets and
production are the following ratios: World Exports/World GDP and
World Inward FDI/World Gross Capital Formation. There are also
other measures to consider such as university students, patents,
venture capital, internet traffic, equity investments, news media,
bank deposits and many more, which are expressed as a percentage of
world totals.
Identify six different countries in Africa: two from the
Southern African Development Community (SADC), two from the East
African Community (EAC) and...
Based on information from the World Bank, in 2016, GDP per
capita was $57,467 in the...
Based on information from the World Bank, in 2016, GDP per
capita was $57,467 in the United States and $59,977 in Iceland –
very similar values (and high values compared to many
countries).
But, the annual rate of GDP growth averages 0.9% in the United
States and 6.1% in Iceland. Would you predict the United States or
Iceland to have a more rapid increase in the standard of living in
the long run?
Discuss what evidence/theory to support this prediction.