Question

Homework help please:
5. Each of the following events will result in either an import or export to be recorded in the current account or the capital account of Vidinland, an imaginary small country in eastern Europe. For each one, say whether it will be a current account import, a current account export, a capital account inflow, or a capital account outflow.

A. Boyan, a prominent resident of Vidinland, purchases a brand new Swedish automobile.

Answer 1

@fallengoddess

Answer 2

@Imyourtorchic

Answer 3

what do you think is your answer

Answer 4

@fallengoddess how should we start? I don't know in whatdirection to start my answer.

Answer 5

I'm reading my textbook, and I'm getting something like this: If a resident of Vidinland purchases a automobile from Swedish, then it will be imported to Vidinland. This means it will be an import

Answer 6

is this a good start?

Answer 7

yes

Answer 8

I just got this:
. It appears that this event will most likely be a current account import, as the current account is merely a sum of the balance of trade, net income from abroad, and or course, the net current transfers.

Answer 9

what do you think?

Answer 10

godd