Australia's Current Account. Use the following balance of payments data for Australia from the IMF:...
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Australia's Current Account. Use the following balance of payments data for Australia from the IMF: What is Australia's balance on goods for years 2005, 2010, and 2012? The balance on goods for year 2005 is (in millions) $ (Round to the nearest integer and enter any deficit with a negative sign.) Assumptions (millions USD) 2005 2006 2007 2008 2009 Goods: exports 107,011 124,913 142,421 189,057 154,771 Goods: imports -120,383 -134,509 -160,205 -193,972 -159,216 Balance on goods -13,372 -9,596 -17,784 -4,915 -4,439 Services: credit 31,047 33,088 40,496 45,240 40,814 Services: debit -30,505 -32,219 -39,908 -48,338 -42,16! Balance on services 542 869 588 -3,098 -1,35 Income: credit 16,445 21,748 32,655 37,320 27,402 Income: debit -44,166 -54,131 -73,202 -76,719 -65,809 Balance on income 27,722 -32,383 -40,547 -39,399 -38,401 Current transfers: credit 3,333 3,698 4,402 4.431 4,992 Current transfers: debit -3,813 -4,092 -4,690 -4,805 -5,799 Balance on current transfers -480 -394 -288 -374 -802 Note: The IMF has recently adjusted their line item nomenclature. Exports are all now noted as ci Australia's Current Account. Use the following balance of payments data for Australia from the IMF: What is Australia's balance on goods for years 2005, 2010, and 2012? The balance on goods for year 2005 is (in millions) $ (Round to the nearest integer and enter any deficit with a negative sign.) Assumptions (millions USD) 2005 2006 2007 2008 2009 Goods: exports 107,011 124,913 142,421 189,057 154,771 Goods: imports -120,383 -134,509 -160,205 -193,972 -159,216 Balance on goods -13,372 -9,596 -17,784 -4,915 -4,439 Services: credit 31,047 33,088 40,496 45,240 40,814 Services: debit -30,505 -32,219 -39,908 -48,338 -42,16! Balance on services 542 869 588 -3,098 -1,35 Income: credit 16,445 21,748 32,655 37,320 27,402 Income: debit -44,166 -54,131 -73,202 -76,719 -65,809 Balance on income 27,722 -32,383 -40,547 -39,399 -38,401 Current transfers: credit 3,333 3,698 4,402 4.431 4,992 Current transfers: debit -3,813 -4,092 -4,690 -4,805 -5,799 Balance on current transfers -480 -394 -288 -374 -802 Note: The IMF has recently adjusted their line item nomenclature. Exports are all now noted as ci
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