Consider the following table showing hypothetical balance-of-payment Complete the table by selecting the correct value f

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Consider the following table showing hypothetical balance-of-payment Complete the table by selecting the correct value f

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Consider The Following Table Showing Hypothetical Balance Of Payment Complete The Table By Selecting The Correct Value F 1
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Consider the following table showing hypothetical balance-of-payment Complete the table by selecting the correct value for each missing entry. Current Account U.S. merchandise exports U.S. merchandise imports Merchandise trade balance U.S. service exports U.S. service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance Capital and Financial Account Change in U.S.-owned assets abroad Change in foreign-owner assets in the U.S. Capital and financial account balance Statistical discrepancy Trade balance Balance-of-P (Billions of +55 -77 +70 -2 -8 -40 +42 Suppose an American citizen gives money to her nephew in Belgium. T US current account

able showing hypothetical balance-of-payments data for the United States. electing the correct value for each missing entry. Exports nports alance S S balance ome from abroad Fers nice Account ed assets abroad -wner assets in the U.S. account balance Fy Balance-of-Payments (Billions of dollars) +55 -77 +70 -2 -8 -40 +42 +35 +13 -5 0

Homework (Ch 10) CENGAGE MINDTAP Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance Capital and Financial Account Change in U.S.-owned assets abroad Change in foreign-owner assets in the U.S. Capital and financial account balance Statistical discrepancy Trade balance i -2 -8 always -40 +42 Suppose an American citizen gives money to her nephew in Belgium. T U.S. current account. According to the table, the United States is running a trade The current account balance suggests that U.S. current account transa the inpayments of foreign currencies to the United Any surplus or deficit in one account must be offset by deficits or surp excess of foreign currency held by Americans must either be loaned to account. Since any imbalance in one accou

+35 +13 -5 0 his would be entered as a item under the ctions created outpayments of foreign currencies from the United States that States. uses in other balance-of-payments accounts. Because the current account is foreigners or used to buy foreign stocks or bonds. All of these transactions al nt automatically leads to an equal but opposite imbalance in the other, the bala Grade It Now Sa Conti

item under the of foreign currencies from the United States that were section of the ments accounts. Because the current account is in , the eign stocks or bonds. All of these transactions are then recorded in the qual but opposite imbalance in the other, the balance-of-payments is Grade It Now Save & Continue Continue without saving
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