The table below shows the summary of Balance of Payments in New Zealand.

Note: Net values are given as credits + debits with correct signs in the balance of payment table.

(a) If the current account balance is NZ$ - 14,212 (million), calculate exports of services.

(b) Calculate the trade balance.

(c) Calculate the financial account balance.

(d) Calculate the overall (official settlements) balance (B).

(e) Calculate the change in the official reserve assets (net). Is NZ increasing or decreasing its net holdings of official reserve assets?

Posted Date: 3/18/2013 3:28:50 AM | Location : United States

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