Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:3. The balance of payments
The following table shows a hypothetical balance-of-payments statement for the United States. All figures are in billions of dollars.
Complete the table by filling in the missing cells.
Balance of Payments (Billions of U.S. dollars)
Current Account
Goods and Services Exports 200
Goods and Services Imports -182
Trade Balance
Income (net)
Current Account Balance
Capital Account
U.S. Capital Inflow
U.S. Capital Outflow
Capital Account Balance
Statistical Discrepancy
80
-60
-10
According to the table, the United States is running a trade
The net balance of payments equals $
billion.
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