Question 2Table 1 represents the components of the UAE current account balance during 2019-2020.Table 1 Current Account Balance in Billion Dirhams20192020Exports:Goods1152.41003.0228.2ServicesTotal ExportsImports:Goods331.5856.9774.1Services323.9218.6Total ImportsNet ExportsNet transfers + investment income netInvestment income Net7.6-1.7Net transfersTotal TransfersCurrent account BalanceSource Central Bank of UAE-173.6-159.71. Complete table 12. Interpret your results.

The Current account is a component of balance of payment (BOP). It accounts all the export and…

Table 1 represents the components of the UAE current account balance during 2019-2020. Table 1 Current Account Balance in Billion Dirhams 2019 2020 Exports: Goods 1152.4 331.5 1003.0 Services Total Exports Imports: Goods Services Total Imports Net Exports Net transfers + investment income net Investment income Net Net transfers Total Transfers Current account Balance Source Central Bank of UAE 228.2 856.9 774.1 323.9 218.6 7.6 -1.7 -173.6 -159.7 1. Complete table 1 0 2. Interpret your results.

Table 1 represents the components of the UAE current account balance during 2019-2020. Table 1 Current Account Balance in Billion Dirhams 2019 2020 Exports: Goods 1152.4 331.5 1003.0 Services Total Exports Imports: Goods Services Total Imports Net Exports Net transfers + investment income net Investment income Net Net transfers Total Transfers Current account Balance Source Central Bank of UAE 228.2 856.9 774.1 323.9 218.6 7.6 -1.7 -173.6 -159.7 1. Complete table 1 0 2. Interpret your results.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 44P: Imagine that the U.S. economy finds itself in the following situation: a government budget deficit...

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