The Japanese Balance of Payments from 1994 to 1997 Is

question 9

Essay

The Japanese balance of payments from 1994 to 1997 is as follows. All numbers are reported in billions of U.S. dollars. The last line gives the real effective exchange rate index of the yen relative
to other currencies. An increase in the index means a real appreciation of the yen.
a. Calculate the trade balance, current account, capital and financial account, and official reserve account for each year.
b. Use these numbers to describe what has happened in terms of Japanese financial transactions with the rest of the world.

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Definitions:

Two-tailed

A test in statistics where the critical area of a distribution is two-sided and tests whether a sample is greater than or less than a certain range of values.

Zero-tailed

Refers to a type of hypothesis test in statistics where the area of interest is on one extreme end of the distribution curve, indicating whether a sample mean is either significantly higher or lower than the population mean.

Random Assignment

The use of random selection to assign research participants to experimental groups.

Control Group

In experimental research, a group that does not receive the experimental treatment and is used as a benchmark to measure the effects of the treatment.