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Balance of Payment (20 p) In Table 1 the Balance of Payment...

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Accounting

  1. Balance of Payment (20 p)

In Table 1 the Balance of Payment for the country Oceania is presented. Use the information shown in Table 1 to evaluate the following questions.

(a) Fill in the cells indicated by * .

(b) Does the economy exhibit a current account surplus?

(c) Does the economy exhibit a capital account surplus?

(d) What kind of macroeconomic policy would you propose to solve any kind of disequilibrium in the balance of payment?

Table 1.

Current Account

Capital Account

Exports

250.000,00

Foreign Holdings

55.000,00

Imports

260.000,00

Domestic Holdings

45.000,00

Trade Balance

Services exported

342.000,00

Services imported

340.000,00

Services Balance

Net Error and Omissions

Income received

14.999,00

Income payments

15.500,00

Income Balance

Transfers received

50,00

Transfers payments

33,00

Transfer Balance

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