Please use the following debit and credit entries for various BO accounts (in billions of $) to answer the next question: Account Capital Net Investment Income Service Merchandise Official Reserve Unilateral Transfers Credit 600 10 140 4,000 200 30 Debit 1,200 6 150 3,000 800 4
Please use the following debit and credit entries for various BO accounts (in billions of $) to answer the next question: Account Capital Net Investment Income Service Merchandise Official Reserve Unilateral Transfers Credit 600 10 140 4,000 200 30 Debit 1,200 6 150 3,000 800 4
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Please use the following debit and credit entries for various BOP
accounts (in billions of $) to answer the next question:
Account
Capital
Net Investment Income
Service
Merchandise
Official Reserve
Unilateral Transfers
The Balance of Trade should be (in billions of $):
2160 surplus
986 deficit
964 deficit
990 surplus
Credit
600
10
140
4,000
200
30
960 deficit
Debit
1,200
6
150
3,000
800
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0758994e-e825-4b4e-aea1-9b514466c8cb%2Fef20d710-995b-4c4b-97f0-b403047ada8a%2Fhvbexeq_processed.png&w=3840&q=75)
Transcribed Image Text:Please use the following debit and credit entries for various BOP
accounts (in billions of $) to answer the next question:
Account
Capital
Net Investment Income
Service
Merchandise
Official Reserve
Unilateral Transfers
The Balance of Trade should be (in billions of $):
2160 surplus
986 deficit
964 deficit
990 surplus
Credit
600
10
140
4,000
200
30
960 deficit
Debit
1,200
6
150
3,000
800
4
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