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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![9. Balance of payments
The 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 equals
zero.)
Balance of Payments
CURRENT ACCOUNT
Debits
Credits
Balance
U.S. Merchandise Exports
500
.S. Merchandise
-400
UImports
Balance of Merchandise Trade
U.S. Service Exports
U.S. Service Imports
-340
Balance on Service Trade
80
Balance on Goods and Services
Income Receipts of Americans from Abroad
650
Income Receipts of Foreigners in the U.S.
Net Income Receipts
35
Net Unilateral Transfers
Balance on Current Account
-615
Income Receipts of Foreigners in the U.S.
Net Income Receipts
35
Net Unilateral Transfers
Balance on Current Account
-615
CAPITAL ACCOUNT
Debits
Credits
Balance
Foreign Investment in the U.S.
900
U.S. Investment Abroad
-550
Balance on Capital Account
OFFICIAL RESERVE TRANSACTIONS
Debits
Credits
Balance
U.S. Official Reserve Assets
Foreign Official Assets in the U.S.
500
Balance, Official Reserve Account
According to the data presented in the preceding tables, there is a merchandise trade
billion.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F84aced1b-dcf4-458c-901d-a3094daa2097%2F7a9e7908-0319-481c-8470-79b621c04ac3%2Fahwbge4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9. Balance of payments
The 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 equals
zero.)
Balance of Payments
CURRENT ACCOUNT
Debits
Credits
Balance
U.S. Merchandise Exports
500
.S. Merchandise
-400
UImports
Balance of Merchandise Trade
U.S. Service Exports
U.S. Service Imports
-340
Balance on Service Trade
80
Balance on Goods and Services
Income Receipts of Americans from Abroad
650
Income Receipts of Foreigners in the U.S.
Net Income Receipts
35
Net Unilateral Transfers
Balance on Current Account
-615
Income Receipts of Foreigners in the U.S.
Net Income Receipts
35
Net Unilateral Transfers
Balance on Current Account
-615
CAPITAL ACCOUNT
Debits
Credits
Balance
Foreign Investment in the U.S.
900
U.S. Investment Abroad
-550
Balance on Capital Account
OFFICIAL RESERVE TRANSACTIONS
Debits
Credits
Balance
U.S. Official Reserve Assets
Foreign Official Assets in the U.S.
500
Balance, Official Reserve Account
According to the data presented in the preceding tables, there is a merchandise trade
billion.
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