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Use the following information to answer the next three questions. Transactions between New Zealand and the...

Use the following information to answer the next three questions.

Transactions between New Zealand and the rest of the world in 2018 are shown below.

New Zealand companies bought NZ$40 million worth of steel from US companies.

New Zealand's central bank sold NZ$25 million of treasury bonds to foreign investors.

New Zealand investors received NZ$2 million in interest payments from foreign investments.

New Zealand citizens purchased NZ$11 million worth of computers produced in Japan.

Americans spent NZ$20 million touring New Zealand.

JKL (New Zealand firm) purchased NZ$4 million in stock issued by a Brazilian firm.

The New Zealand central bank sold NZ$8 million worth of US dollars.

1.Find the capital account balance in terms of millions of New Zealand dollars.

a.29/ b.21 /c.23 /d.none of the above

QUESTION 5 Find the balance of trade in terms of millions of New Zealand dollars. Do not use currency symbols or words when entering your response.

QUESTION 6 Find the current account balance in terms of millions of New Zealand dollars.

a.-33 b.-31 c.-29 -d.21

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jeff jeffy answered 9 months ago
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