Examine the summary of the balance of payments of the United States for 2021. Compute and discuss balance on the financial account and its subaccounts. A Summary of the U.S. Balance of Payments for 2021 (in $ billion) Current Account [1] Exports [1.1] Goods [1.2] Services [2] Imports [2.1] Goods [2.2] Services [3] Primary income [4] Secondary income Balance on current account [[1]+[2]+[3]+[4]] Capital Account Balance on capital account Financial Account (excluding official reserves) [5] Direct investment [6] Portfolio investment [6.1] Equity securities [6.2] Debt securities [6.3] Derivatives, net [7] Other investment Balance on financial account [[5]+[6]+[7]] [3] Statistical discrepancies Overall balance Official Reserve Account Credits $2,717.0 1,738.0 979.0 1,379.9 329.2 3.5 557.2 473.9 -414.1 591.3 296.7 786.4 1,165.2 83.2 Debits -$3,869.7 -2,938.6 -931.1 -1,063.0 -541.9 -1,048.5 -32.0 -28.5 -292.2 13.5 333.4 -319.9 -373.6 -5.0 -83.2

Examine the summary of the balance of payments of the United States for 2021. Compute and discuss balance on the financial account and its subaccounts. A Summary of the U.S. Balance of Payments for 2021 (in $ billion) Current Account [1] Exports [1.1] Goods [1.2] Services [2] Imports [2.1] Goods [2.2] Services [3] Primary income [4] Secondary income Balance on current account [[1]+[2]+[3]+[4]] Capital Account Balance on capital account Financial Account (excluding official reserves) [5] Direct investment [6] Portfolio investment [6.1] Equity securities [6.2] Debt securities [6.3] Derivatives, net [7] Other investment Balance on financial account [[5]+[6]+[7]] [3] Statistical discrepancies Overall balance Official Reserve Account Credits $2,717.0 1,738.0 979.0 1,379.9 329.2 3.5 557.2 473.9 -414.1 591.3 296.7 786.4 1,165.2 83.2 Debits -$3,869.7 -2,938.6 -931.1 -1,063.0 -541.9 -1,048.5 -32.0 -28.5 -292.2 13.5 333.4 -319.9 -373.6 -5.0 -83.2

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

a-1. Compute the balance on the U.S. direct investment.

Examine the summary of the balance of payments of the United States for 2021. Compute and discuss
balance on the financial account and its subaccounts.
A Summary of the U.S. Balance of Payments for 2021 (in $ billion)
Current Account
[1] Exports
[1.1] Goods
[1.2] Services
[2] Imports
[2.1] Goods
[2.2] Services
[3] Primary income
[4] Secondary income
Balance on current account [[1]+[2]+[3]+[4]]
Capital Account
Balance on capital account
Financial Account (excluding official reserves)
[5] Direct investment
[6] Portfolio investment
[6.1] Equity securities
[6.2] 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 U.S. Bureau of Economic Analysis
Credits
$2,717.0
1,738.0
979.0
1,379.9
329.2
3.5
557.2
473.9
-414.1
591.3
296.7
786.4
1,165.2
83.2
Debits
-$3,869.7
-2,938.6
-931.1
-1,063.0
-541.9
-1,048.5
-32.0
-28.5
-292.2
13.5
333.4
-319.9
-373.6
-5.0
Che
-83.2

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