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?

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

jeff jeffy answered 2 years ago

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

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