view picture Complete the following table by selecting the correct value for each missing entry.Balance of Payments(Billions of dollars)Current AccountsU.S. merchandise exports+55U.S. merchandise imports-77Merchandise trade balanceU.S. service exports+70U.S. service importsServices balanceGoods and services balanceNet investment income from abroadNet unilateral transfersCurrent account balanceFinancial AccountsChange in U.S.-owned assets abroad-40Change in foreign-owner assets in the U.S.+42Financial account balanceStatistical discrepancyTrade balance+35+13-50

Merchandise trade balanceMerchandise trade balance = merchandise exports + merchandise…

Answered: Complete the following table by…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 43P: In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77...

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In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77 billion. It imported goods worth 225 billion and services worth Â£66 billion. Receipts of income from abroad were 140 billion while income payments going abroad were 131 billion. Government transfers from the United Kingdom to the rest of the world were 23 billion, while various U.K government agencies received payments of 16 billion from the rest of the world. Calculate the U.K. merchandise trade deficit for 2001. Calculate the current account balance for 2001. Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.
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Item Imports of goods and services Foreign investment in the United States Exports of goods and services U.S. investment abroad Net interest income Net transfers Statistical discrepancy a. Calculate the current account balance b. Calculate the capital and financial account balance. Billions of U.S. dollars 2,561 955 1,853 300 121 -123 66
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Item Exports of goods and services Imports of goods and services Net interest income Net transfers Urland's investment abroad Foreign investment in Urland 30. A) B) Billions of dollars 635 . -555 -18 22 -467 321 02.0 The above table shows some of the balance of payments accounts for Urland. What is Urland's balance in the official settlements account? $405 billion $62 billion $99 billion $37 billion nożli
Balance of Payments (Billions of dollars) Current Accounts U.S. merchandise exports +70 U.S. merchandise imports -67 Merchandise trade balance U.S. service exports U.S. service imports +70 Services balance +35 Goods and services balance +38 Net investment income from abroad -2 Net unilateral transfers -8 Current account balance Financial Accounts Change in U.S.-owned assets abroad Change in foreign-owner assets in the U.S. -40 +42 Financial account balance Statistical discrepancy -30 Trade balance Suppose an Argentine logging company purchases American-made chainsaws. This would be entered as a item under the section of the U.S. current account. According to the table, the United States is running a trade The current account balance suggests that U.S. current account transactions (exports and imports of goods and services, as well as inflow and outflow of investment income and transfers) created outpayments of foreign currencies from the United States that were the inpayments of…
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The table shows the value of exports and imports for the small country of Cherubland. Their chief export is tiny cupid arrows. Use the table to answer the questions. Credits (+) Goods 195 Services 50 Investment Income 23 Transfers 0 Asset Sales 417 What is the balance on goods for Cherubland? Debits (-) 400 61 13 1 195 What is the balance on the current account for Cherubland?
Question 2 Table 1 represents the components of the UAE current account balance during 2019-2020. Table 1 Current Account Balance in Billion Dirhams 2019 2020 Exports: Goods 1152.4 1003.0 228.2 Services Total Exports Imports: Goods 331.5 856.9 774.1 Services 323.9 218.6 Total Imports Net Exports Net transfers + investment income net Investment income Net 7.6 -1.7 Net transfers Total Transfers Current account Balance Source Central Bank of UAE -173.6 -159.7 1. Complete table 1 2. Interpret your results.
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Question: Exercise 1:4. Calculate the net capital flow. Does this country experience a net capital inflow or  outflow? Exercise 2:1.Calculate the net capital flow? Is this country experiencing a net capital inflow or outflow?  2.Calculate the country’s basic balance.

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