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You Are Given the Following Information

question 75

Essay

You are given the following information.
Exports X = 1,300
Imports M = 2,000
Capital inflows ki = 800
Capital outflows ko = 300
Compute net exports, net capital flows, and the balance of payments.


Definitions:

Units

A standard measurement for quantity used to quantify material amount or the extent of something.

Good

A physical item that is produced and can be sold or traded to satisfy people's wants or needs.

Service

An intangible activity or benefit provided to satisfy the needs of a consumer or business.

Essential Goods

Items considered necessary for basic human survival and well-being, such as food, water, and shelter.

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