Based on the transactions in the above table, what is the change in the U.S. current account balance?

Brief Principles of Macroeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter7: Production And Growth
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International Transactions
1. U.S. resident buys a Chine se camera
2. U.S. resident buys stock in a Chinese company
3. U.S. resident purchases insurance from a Chinese company
4. U.S. resident sends a present to someone in China
5. Chinese buys a U.S car
6. Chinese family goes to Disney World in the U.S.
$300
20,000
1,500
200
30,000
2,000
Based on the transactions in the above table, what is the change in the U.S. current account
balance?
-$32,700
-$32,500
$31,000
$30,000
Transcribed Image Text:International Transactions 1. U.S. resident buys a Chine se camera 2. U.S. resident buys stock in a Chinese company 3. U.S. resident purchases insurance from a Chinese company 4. U.S. resident sends a present to someone in China 5. Chinese buys a U.S car 6. Chinese family goes to Disney World in the U.S. $300 20,000 1,500 200 30,000 2,000 Based on the transactions in the above table, what is the change in the U.S. current account balance? -$32,700 -$32,500 $31,000 $30,000
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