Question

In: Finance

In 2010, Australia exported 583.2 billion (all figuresare in A$) worth of goods and 126.2...

In 2010, Australia exported 583.2 billion (all figures are in A$) worth of goods and 126.2 billion worth of services. Also they imported 605.3 billion of goods and 147.6 billion of services. If Int. Trade Related income was –7.6 billion and net transfers were –2.3 billion, what was Australia’s Balance of Trade for 2010?

Solutions

Expert Solution

Balance of Trade = Exports - Imports

= [ A$ 583.2 B + A$ 126.2 B ] - [ A$ 605.30 B + A$ 147.60 B ]

= A$ 709.40 B - A$ 752.90 B

= - A$ 43.5 B


Related Solutions

In 2010, a country imported goods worth $500 billion and exported goods worth $443 billion. It...
In 2010, a country imported goods worth $500 billion and exported goods worth $443 billion. It exported services worth $248 billion and imported services worth $330 billion. Payments on investments abroad totaled $199 billion, while returns paid on foreign investments were $125 billion. Unilateral transfers from the country to other nations amounted to $94 billion. What was the country’s current account deficit for 2010? A. $70 billion B. $159 billion C. $142 billion D. $65 billion
In 2010, the economy of the Utopia exported goods worth $232 billion and services worth another...
In 2010, the economy of the Utopia exported goods worth $232 billion and services worth another $87 billion. It imported goods worth $225 billion and services worth $56 billion. Receipts of income from abroad were $110 billion while income payments going abroad were $91 billion. Government transfers from the Utopia to the rest of the world were $23 billion, while various Utopia government agencies received payments of $16 billion from the rest of the world. Calculate Utopia’s merchandise trade balance...
In 2010, the economy of the Utopia exported goods worth $232 billion and services worth another...
In 2010, the economy of the Utopia exported goods worth $232 billion and services worth another $87 billion. It imported goods worth $225 billion and services worth $56 billion. Receipts of income from abroad were $110 billion while income payments going abroad were $91 billion. Government transfers from the Utopia to the rest of the world were $23 billion, while various Utopia government agencies received payments of $16 billion from the rest of the world. a) Calculate Utopia’s merchandise trade...
Assume that last month China exported goods worth 350 billion yuan and imported goods worth 331.6 billion yuan.
Assume that last month China exported goods worth 350 billion yuan and imported goods worth 331.6 billion yuan.  This month China’s exports are 359.7 billion yuan and their imports are 366.9 billion yuan. Compute China’s trade balance for each of the past two months separately. Over the entire period of the two months, did China experience a trade imbalance? Explain
“In 2014, “the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports...
“In 2014, “the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy.” (New top markets series provides data, 2015) In your thread, complete the following: Discuss economic theory related to the quote above. Be sure to include a definition...
​Rally, Inc., is an​ all-equity firm with assets worth $ 31 billion and 13 billion shares...
​Rally, Inc., is an​ all-equity firm with assets worth $ 31 billion and 13 billion shares outstanding. Rally plans to borrow $ 18 billion and use funds to repurchase shares.​ Rally's corporate tax rate is 35 %​, and Rally plans to keep its outstanding debt equal to $ 18 billion permanently. a. Without the increase in​ leverage, what would be​ Rally's share​ price? Without the increase in​ leverage, Rally's share price is ​$____.​ (Round to the nearest​ cent.) b. Suppose...
​Rally, Inc., is an​ all-equity firm with assets worth $ 21 billion and 66 billion shares...
​Rally, Inc., is an​ all-equity firm with assets worth $ 21 billion and 66 billion shares outstanding. Rally plans to borrow $ 8 billion and use funds to repurchase shares.​ Rally's corporate tax rate is 35 %​, and Rally plans to keep its outstanding debt equal to$ 8 billion permanently. a. Without the increase in​ leverage, what would be​ Rally's share​ price? b. Suppose Rally offers $ 3.84$ per share to repurchase its shares. Would shareholders sell for this​ price?...
​Rally, Inc., is an​ all-equity firm with assets worth $ 24 billion and 6 billion shares...
​Rally, Inc., is an​ all-equity firm with assets worth $ 24 billion and 6 billion shares outstanding. Rally plans to borrow $ 10 billion and use funds to repurchase shares.​ Rally's corporate tax rate is 38 %​, and Rally plans to keep its outstanding debt equal to $ 10 billion permanently. a. Without the increase in​ leverage, what would be​ Rally's share​ price? Without the increase in​ leverage, Rally's share price is ​$ nothing. ​ (Round to the nearest​ cent.)...
​Rally, Inc., is an​ all-equity firm with assets worth $59 billion and 16 billion shares outstanding....
​Rally, Inc., is an​ all-equity firm with assets worth $59 billion and 16 billion shares outstanding. Rally plans to borrow $32 billion and use funds to repurchase shares.​ Rally's corporate tax rate is 35%​, and Rally plans to keep its outstanding debt equal to $32 billion permanently. a. Without the increase in​ leverage, what would be​ Rally's share​ price? b. Suppose Rally offers $4.25 per share to repurchase its shares. Would shareholders sell for this​ price? c. Suppose Rally offers...
​Rally, Inc., is an​ all-equity firm with assets worth $50 billion an 5  billion shares outstanding. Rally...
​Rally, Inc., is an​ all-equity firm with assets worth $50 billion an 5  billion shares outstanding. Rally plans to borrow $18 billion and use funds to repurchase shares.​ Rally's corporate tax rate is 21%​, and Rally plans to keep its outstanding debt equal to $18 billion permanently. a. Without the increase in​ leverage, what would be​ Rally's share​ price? Without the increase in​ leverage, Rally's share price is ​$.............(Round to the nearest​ cent.) b. Suppose Rally offers $10.52 per share to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT