Given Below Are the Current Account Transactions of an Economy

question 75

Essay

Given below are the current account transactions of an economy in a year:
i)Exported goods and services worth $120 billion
ii)Imported goods worth $200 billion
iii)Revenue earned from manufacturing plants situated abroad worth $80 billion
iv)Dividend paid to foreign investors worth $10 billion
v)Donations and disaster relief funds given to a foreign country worth $10 billion
vi)"Gifts" received from foreign donors toward poverty alleviation worth $5 billion
a)Calculate the economy's trade balance.
b)What will be the balance in the economy's current account?

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Laws that have evolved from judicial decisions or case law, rather than from statutes or constitutions, thereby reflecting the judiciary's role in interpreting and applying legal principles to specific cases.

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A school of thought in jurisprudence that holds the belief that the validity of a law is not related to its morality but is contingent upon its sources and recognition by the state.

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