Question

Table 31-2 Colombian Trade Flows Trade Flows Goods Purchased Abroad 50 billion pesos Sold Abroad 60 billion pesos Services Purchased Abroad 30 billion pesos Sold Abroad 40 billion pesos A country imports $20 billion worth of goods and services and exports $15 billion worth of goods and services. What is its net capital outflow? $5 billion, so its residents' purchases of foreign assets exceed foreigners' purchases of domestic assets $5 billion, so foreigners' purchases of domestic assets exceed its resident's purchases of foreign assets -$5 billion, so its residents' purchases of foreign assets exceed foreigners' purchases of domestic assets -$5 billion, so foreigners' purchases of domestic assets exceed its residents' purchases of foreign assets

          Table 31-2
Colombian Trade Flows
Trade Flows
Goods
Purchased
Abroad
50 billion pesos
Sold Abroad
60 billion pesos
Services
Purchased
Abroad
30 billion pesos
Sold Abroad
40 billion pesos
A country imports $20 billion worth of goods and services and exports $15 billion worth of goods and services. What is its
net capital outflow?
$5 billion, so its residents' purchases of foreign assets exceed foreigners' purchases of domestic assets
$5 billion, so foreigners' purchases of domestic assets exceed its resident's purchases of foreign assets
-$5 billion, so its residents' purchases of foreign assets exceed foreigners' purchases of domestic assets
-$5 billion, so foreigners' purchases of domestic assets exceed its residents' purchases of foreign assets

Table 31-2
Colombian Trade Flows
Trade Flows
Goods
Purchased
Abroad
50 billion pesos
Sold Abroad
60 billion pesos
Services
Purchased
Abroad
30 billion pesos
Sold Abroad
40 billion pesos
A country imports 20 billion worth of goods and services and exports15 billion worth of goods and services. What is its
net capital outflow?
5 billion, so its residents' purchases of foreign assets exceed foreigners' purchases of domestic assets5 billion, so foreigners' purchases of domestic assets exceed its resident's purchases of foreign assets
-5 billion, so its residents' purchases of foreign assets exceed foreigners' purchases of domestic assets
-5 billion, so foreigners' purchases of domestic assets exceed its residents' purchases of foreign assets

Added by Michelle O.

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