Balance of Payments (in billions of dollars) (1) Exports of goods and services (2) Goods 3,780 (3) Services 1,200 (4) Imports of goods and services (5) Goods -4,010 (6) Services -1,900 (7) Balance of goods and services (8) Income receipts on investments 2,850 (9) Income payments on investments -1,990 (10) Unilateral transfers -520 (11) Current account balance (12) U.S. owned assets abroad (Change in; Increase is a "-".) 1,420 (13) Foreign-owned assets in U.S. (Change in; Increase is a "+".) -790 (14) Net financial derivative transactions -35 (15) Financial account balance (16) Statistical discrepancy

Balance of Payments (in billions of dollars) (1) Exports of goods and services (2) Goods 3,780 (3) Services 1,200 (4) Imports of goods and services (5) Goods -4,010 (6) Services -1,900 (7) Balance of goods and services (8) Income receipts on investments 2,850 (9) Income payments on investments -1,990 (10) Unilateral transfers -520 (11) Current account balance (12) U.S. owned assets abroad (Change in; Increase is a "-".) 1,420 (13) Foreign-owned assets in U.S. (Change in; Increase is a "+".) -790 (14) Net financial derivative transactions -35 (15) Financial account balance (16) Statistical discrepancy

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 43P: In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77...

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Goods imports 635 Goods exports 419 Services imports 144 Services exports 215 Net unilateral transfers -35 Investment income received 278 Investment income paid 225 Capital account -3 Net US acquisition of financial assets 84 Net US incurrence of of liabilities 158 Net change in financial derivatives -21 Statistical discrepancy Based on the table above, this country is currently running a Group of answer choices positive trade balance negative balance of services negative trade balance positive balance of goods
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the balance of goods is
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Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the country is running a ____ ____ Group of answer choices current account; surplus financial account; surplus positive; trade balance financial account; deficit
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