9. Balance of paymentsThe following tables show a hypothetical balance of payments statement for the United States. (Note: All values are in billions of dollars.)Complete the tables by filling in the missing cells. (Hint: Use the negative sign for all debits, and assume that the total balance of payments equalszero.)Balance of PaymentsCURRENT ACCOUNTDebitsCreditsBalanceU.S. Merchandise Exports500.S. Merchandise-400UImportsBalance of Merchandise TradeU.S. Service ExportsU.S. Service Imports-340Balance on Service Trade80Balance on Goods and ServicesIncome Receipts of Americans from Abroad650Income Receipts of Foreigners in the U.S.Net Income Receipts35Net Unilateral TransfersBalance on Current Account-615Income Receipts of Foreigners in the U.S.Net Income Receipts35Net Unilateral TransfersBalance on Current Account-615CAPITAL ACCOUNTDebitsCreditsBalanceForeign Investment in the U.S.900U.S. Investment Abroad-550Balance on Capital AccountOFFICIAL RESERVE TRANSACTIONSDebitsCreditsBalanceU.S. Official Reserve AssetsForeign Official Assets in the U.S.500Balance, Official Reserve AccountAccording to the data presented in the preceding tables, there is a merchandise tradebillion.

Balance of merchandise = Merchandise exports - merchandise imports…

9. Balance of payments The following tables show a hypothetical balance of payments statement for the United States. (Note: All values Complete the tables by filling in the missing cells. (Hint: Use the negative sign for all debits, and assume that ti zero.) Balance of Payments CURRENT ACCOoUNT Debits Credits Balance U.S. Merchandise Exports .S. Merchandise 500 -400 UImports Balance of Merchandise Trade

9. Balance of payments The following tables show a hypothetical balance of payments statement for the United States. (Note: All values Complete the tables by filling in the missing cells. (Hint: Use the negative sign for all debits, and assume that ti zero.) Balance of Payments CURRENT ACCOoUNT Debits Credits Balance U.S. Merchandise Exports .S. Merchandise 500 -400 UImports Balance of Merchandise Trade

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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