Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Based on the Balance of Payments account presented in this table, the net exports are:
a. 2300
b. -2600
c. -300
d. -200
![Balance of Payments (Billions of Dollars)
Total Exports
A
Goods
1500
Services
800
Total Imports
В
Goods
-2100
Services
-500
Balance of Trade
C
Income receipts on investments
800
Income payments on investments
-600
Net transfers
-100
Current Account balance
Change in U.S. owned assets abroad
-300
Change in foreign owned assets in U.S.
700
Net financial derivatives
-10
Financial Account balance
E
Statistical discrepancy
F](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01fed800-0500-435d-9e13-b782f407e61c%2Fbbb85104-7a13-4942-b60c-80bdf77d915b%2Fbrq4okg_processed.png&w=3840&q=75)
Transcribed Image Text:Balance of Payments (Billions of Dollars)
Total Exports
A
Goods
1500
Services
800
Total Imports
В
Goods
-2100
Services
-500
Balance of Trade
C
Income receipts on investments
800
Income payments on investments
-600
Net transfers
-100
Current Account balance
Change in U.S. owned assets abroad
-300
Change in foreign owned assets in U.S.
700
Net financial derivatives
-10
Financial Account balance
E
Statistical discrepancy
F
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