Chapter18: International Finance
Section: Chapter Questions
Problem 1.1P
Related questions
Question
100%
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fff80f0a4-d452-450d-98de-d6817c227552%2F25b9ba39-3ff6-4732-9079-17bc3cec00e8%2Fbqoxmej_processed.png&w=3840&q=75)
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.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ECON MACRO](https://www.bartleby.com/isbn_cover_images/9781337000529/9781337000529_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![ECON MACRO](https://www.bartleby.com/isbn_cover_images/9781337000529/9781337000529_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Macroeconomics](https://www.bartleby.com/isbn_cover_images/9781337617390/9781337617390_smallCoverImage.gif)
![Microeconomics](https://www.bartleby.com/isbn_cover_images/9781337617406/9781337617406_smallCoverImage.gif)