The following table lists balance of payment current accounts for Country A. Current Accounts 1. Exports of goods, services, and income $ 171,453 2. Goods $ 93,043 3. Services 46,689 4. Income receipts on U.S. assets abroad 31,721 5. Imports of goods, services, and income −161,407 6. Goods −93,578 7. Services −32,189 8. Income payments on foreign assets in the United States −35,640 a. What is Country A’s total current accounts? b. What is Country A’s balance on goods? (Negative amount should be indicated by a minus sign.) c. What is Country A’s balance on services?
The following table lists balance of payment current accounts for Country A. Current Accounts 1. Exports of goods, services, and income $ 171,453 2. Goods $ 93,043 3. Services 46,689 4. Income receipts on U.S. assets abroad 31,721 5. Imports of goods, services, and income −161,407 6. Goods −93,578 7. Services −32,189 8. Income payments on foreign assets in the United States −35,640 a. What is Country A’s total current accounts? b. What is Country A’s balance on goods? (Negative amount should be indicated by a minus sign.) c. What is Country A’s balance on services?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following table lists balance of payment current accounts for Country A.
Current Accounts
1. Exports of goods, services, and income $ 171,453
2. Goods $ 93,043
3. Services 46,689
4. Income receipts on U.S. assets abroad 31,721
5. Imports of goods, services, and income −161,407
6. Goods −93,578
7. Services −32,189
8. Income payments on foreign assets in the United States −35,640
a. What is Country A’s total current accounts?
b. What is Country A’s balance on goods? (Negative amount should be indicated by a minus sign.)
c. What is Country A’s balance on services?
d. What is Country A’s balance on investment income? (Negative amount should be indicated by a minus sign.)
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