EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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Question
Chapter 5, Problem 1AP
a)
To determine
To show: The effect of sale of F-16 fighter planes by U.S. government to foreign government on BoP accounts of U.S.
b)
To determine
To show: The effect of sale of Yen for dollars by London bank from a Swiss bank on U.S. BoP accounts.
c)
To determine
To show: The effect of sale of Yen for dollars by Federal Reserve from a Swiss bank on U.S. BoP accounts.
d)
To determine
To show: The effect of sale of interest received on loan to Brazil by a New York bank on U.S. BoP accounts.
e)
To determine
To show: The effect ofU.S. collector’s purchase of artifacts from Egypt on U.S. BoP accounts.
f)
To determine
To show: The effect of insurance purchased by a U.S. company from a Canadian company in Mexico on U.S. BoP accounts.
g)
To determine
To show: The effect of money borrowed by U.S. company from British bank on U.S. BoP accounts.
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Similar questions
- In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77 billion. It imported goods worth 225 billion and services worth £66 billion. Receipts of income from abroad were 140 billion while income payments going abroad were 131 billion. Government transfers from the United Kingdom to the rest of the world were 23 billion, while various U.K government agencies received payments of 16 billion from the rest of the world. Calculate the U.K. merchandise trade deficit for 2001. Calculate the current account balance for 2001. Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.arrow_forwardIs a country for which imports and exports comprise a large fraction of the GDP more likely to adopt a flexible exchange rate or a fixed (hard peg) exchange rate?arrow_forward
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