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?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b6862bb-8a87-438c-b7e0-14a7aff7e0be%2F8c165066-9ed2-4139-bfd0-5fca44377610%2Fcnryzgw_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b6862bb-8a87-438c-b7e0-14a7aff7e0be%2F8c165066-9ed2-4139-bfd0-5fca44377610%2Frnqr7gi_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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