Need, ,,,,b1, c1 and d1 only b-1. Compute the balance on the U.S. primary income.b-2. What does the balance on the U.S. primary income you computed above mean?c-1. Compute the balance on the U.S. secondary income.c-2. What does the balance on the U.S. secondary income you computed above mean?d-1. Compute the balance on the U.S. current account.d-2. What does the balance on the U.S. current account you computed above mean? A Summary of the U.S. Balance of Payments for 2021 (in $ billion)Current Account[1] Exporte[1.1] Goods[1.21 Services[2] Imports[2.1] Goods[2.2] Services131 Primary income[4] Secondary incomeBalance on current account [[1]+[2]+[3]+[41]Capital AccountBalance on capital accountFinancial Account (excluding official reserves)[5] Direct investment161 Portfolio investment[6.1] Equity securities(6.21 Debt securities[6.3] Derivatives, net(7) Other investmentBalance on financial account [[5]+[6]+[7]][8] Statistical discrepanciesOverall balanceofficial Reserve AccountSource The US Bureau of Economic AnalysisCredita$2,728.01,743.0985.01,394.9339.23.7572.2488.9-424.1601.3311.7816.41,205.287.9Debitn-$3,914.7-2,963.6-951.1-1,073.0-556.9-1,082.5-33.5-29.8-302.213.5343.4-329.9-383.6-5.0-87.9

Balance of paymentBalance of payment is the all data record of all exports and imports of a country…

b-1. Compute the balance on the U.S. primary income. b-2. What does the balance on the U.S. primary income you computed above mean? c-1. Compute the balance on the U.S. secondary income. c-2. What does the balance on the U.S. secondary income you computed above mean? d-1. Compute the balance on the U.S. current account. d-2. What does the balance on the U.S. current account you computed above mean?

b-1. Compute the balance on the U.S. primary income. b-2. What does the balance on the U.S. primary income you computed above mean? c-1. Compute the balance on the U.S. secondary income. c-2. What does the balance on the U.S. secondary income you computed above mean? d-1. Compute the balance on the U.S. current account. d-2. What does the balance on the U.S. current account you computed above mean?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Need, ,,,,b1, c1 and d1 only

b-1. Compute the balance on the U.S. primary income.
b-2. What does the balance on the U.S. primary income you computed above mean?
c-1. Compute the balance on the U.S. secondary income.
c-2. What does the balance on the U.S. secondary income you computed above mean?
d-1. Compute the balance on the U.S. current account.
d-2. What does the balance on the U.S. current account you computed above mean?

A Summary of the U.S. Balance of Payments for 2021 (in $ billion)
Current Account
[1] Exporte
[1.1] Goods
[1.21 Services
[2] Imports
[2.1] Goods
[2.2] Services
131 Primary income
[4] Secondary income
Balance on current account [[1]+[2]+[3]+[41]
Capital Account
Balance on capital account
Financial Account (excluding official reserves)
[5] Direct investment
161 Portfolio investment
[6.1] Equity securities
(6.21 Debt securities
[6.3] Derivatives, net
(7) Other investment
Balance on financial account [[5]+[6]+[7]]
[8] Statistical discrepancies
Overall balance
official Reserve Account
Source The US Bureau of Economic Analysis
Credita
$2,728.0
1,743.0
985.0
1,394.9
339.2
3.7
572.2
488.9
-424.1
601.3
311.7
816.4
1,205.2
87.9
Debitn
-$3,914.7
-2,963.6
-951.1
-1,073.0
-556.9
-1,082.5
-33.5
-29.8
-302.2
13.5
343.4
-329.9
-383.6
-5.0
-87.9

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