Question

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

​53,550

​54,240

​49,716

​Services, debit​ (imports)

-30,505

-32,219

-39,908

-48,338

-42,165

-51,313

-61,897

-65,405

-67,977

-63,549

-57,269

Primary​ income: credit

​16,445

​21,748

​32,655

​37,320

​27,402

​35,711

​47,852

​47,168

​46,316

​46,637

​38,105

Primary​ income: debit

-44,166

-54,131

-73,202

-76,719

-65,809

-84,646

-102,400

-88,255

-85,289

-79,805

-67,842

Secondary​ income: credit

​3,333

​3,698

​4,402

​4,431

​4,997

​5,813

​7,510

​7,271

​7,109

​6,962

​5,853

Secondary​ income: debit

-3,813

-4,092

-4,690

-4,805

-5,799

-7,189

-9,723

-9,635

-9,346

-8,996

-7,685

Homework Answers

Answer #1

Note: Data of 2015 is not shown in your whether by mistake or any technical difficulty..u can see the pattern for solving the question as in year 2007 and 2009..if you even then require the answer then mention the data of 2015 in comments..

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