7. Estimate current account balance, financial account and change in official reserves. Merchandise exports Merchandise imports Service exports Service imports Income flows, net Unilateral transfers, net Increase in the country's holding of foreign assets, net (excluding official reserve assets) Increase in foreign holdings of the country's assets, net (excluding official reserve assets) Statistical discrepancy, net $330 198 196 204 3 -8 202 102 4

7. Estimate current account balance, financial account and change in official reserves. Merchandise exports Merchandise imports Service exports Service imports Income flows, net Unilateral transfers, net Increase in the country's holding of foreign assets, net (excluding official reserve assets) Increase in foreign holdings of the country's assets, net (excluding official reserve assets) Statistical discrepancy, net $330 198 196 204 3 -8 202 102 4

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 1QR

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U.S. International Transactions Table 20XX ($ bill.) 1. Merchandise exports 20 2. Merchandise imports -30 3. Service exports 10 4. Service imports -5 5. Income receipts on U.S. assets abroad 10 6. Income payments on foreign assets in the U.S. -5 7. Government grant, private remittances -5 8. Change in U.S. private assets abroad, net -10 9. Change in foreign private assets in the U.S., net 20 10. Statistical discrepancy ? 11. Change in U.S. Official Reserves, net -5 12. Change in Foreign Official Reserves, net 10 Use the above table to the question.The official reserve transactions balance is 10. -10. 5. -5. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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