Classify each of the following as debits or credits in the U.S. balance of payments.   Americans buy chocolate from the Swiss. U.S. gives foreign aid to Bosnia. British   investors purchase U.S. government bonds American tourists travel to Australia Volkswagen earns profits in the United   States from its new cars Toyota   builds a new plant in Ohio Capital   Records sells rock and roll music in Sweden

Brief Principles of Macroeconomics (MindTap Course List)
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ISBN:9781337091985
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Chapter13: Open-economy Macroeconomics: Basic Concepts
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2. Classify each of the following as debits or credits in the U.S. balance of payments.

 

  1. Americans buy chocolate from the Swiss.
  2. U.S. gives foreign aid to Bosnia.
  3. British   investors purchase U.S. government bonds
  4. American tourists travel to Australia
  5. Volkswagen earns profits in the United   States from its new cars
  6. Toyota   builds a new plant in Ohio
  7. Capital   Records sells rock and roll music in Sweden
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