In one yeer the United States had a current eccount delicit of -$358 billion, The balance on the capital account was-$5 billion. What was the balance on the financialaccount?Multpe Chokce$3 blion$353 bilon-$363 billon-$358 bilon-$363 was incorrectThe U.S. often has a significant surplus in services trade, even though it has a deficit in goods trade.True or FalseTrueFalse

The balance of payments would result in the sum of the current account and capital account and the…

In one year the United States had a current eccount deflicit of -S358 bilon, The balance on the capital accournt was-$5 billion. What was the balance on the financial account? Mue Choce Sa lion 353 llon $303 bitlon

In one year the United States had a current eccount deflicit of -S358 bilon, The balance on the capital accournt was-$5 billion. What was the balance on the financial account? Mue Choce Sa lion 353 llon $303 bitlon

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

In one yeer the United States had a current eccount delicit of -$358 billion, The balance on the capital account was-$5 billion. What was the balance on the financial
account?
Multpe Chokce
$3 blion
$353 bilon
-$363 billon
-$358 bilon
-$363 was incorrect
The U.S. often has a significant surplus in services trade, even though it has a deficit in goods trade.
True or False
True
False

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1D