Question 4
RM (million)
Exports of goods |
553,180 |
Imports of goods |
-412,454 |
Exports of services |
98,270 |
Imports of services |
-94,467 |
Net Income on investment |
-17,103 |
Net transfer |
-99,476 |
Increase in foreign holdings of assets in Malaysia |
11,000 |
Increase in Malaysia holdings of assets in foreign countries |
-38,500 |
Statistical discrepancy |
-300 |
How the comparative advantage theory explains the basis for trade between nations.
( I ) Current account is the financial account of the country which records transactions of trade in goods and services and net transfer in a certain time period.
Balance on the current account =
Exports of goods |
553,180 |
||||||||||||||||||||
Imports of goods |
-412,454 |
||||||||||||||||||||
Exports of services |
98,270 |
||||||||||||||||||||
Imports of services |
-94,467 |
||||||||||||||||||||
|
|
||||||||||||||||||||
Net transfer
Total balance on current account
( II ) Balance of trades
|
-99,476 $45,053 |
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