1. A. Calculate the current account for U.S. based on the following data for 2018. Export of goods and services $270, Import of goods and services $230, Foreign aids and grants received $120, Foreign aids and grants provided $63, Investment by U.S. companies in foreign countries for establishing subsidiaries $550, Interest and dividend received by U.S $90, investment by foreigners in US companies' bonds and stocks $50. All numbers are in billions of dollars. b. Is U.S. running a deficit or surplus on current account balance, explain in 1 - 2 meaningful sentences
1. A. Calculate the current account for U.S. based on the following data for 2018. Export of goods and services $270, Import of goods and services $230, Foreign aids and grants received $120, Foreign aids and grants provided $63, Investment by U.S. companies in foreign countries for establishing subsidiaries $550, Interest and dividend received by U.S $90, investment by foreigners in US companies' bonds and stocks $50. All numbers are in billions of dollars. b. Is U.S. running a deficit or surplus on current account balance, explain in 1 - 2 meaningful sentences
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 46P: Imagine that the economy of Germany finds itself in the following situation: the government budget...
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