3. The balance of paymentsThe 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 AccountGoods and Services Exports 200Goods and Services Imports -182Trade BalanceIncome (net)Current Account BalanceCapital AccountU.S. Capital InflowU.S. Capital OutflowCapital Account BalanceStatistical Discrepancy80-60-10According to the table, the United States is running a tradeThe net balance of payments equals $billion.

Balance of payment records the transaction takes place between a country and the rest of the world.…

Answered: The following table shows a…

The following table shows a hypothetical balance-of-payments statement for the United States. All figures are in billions of dollar

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter18: International Finance

Section: Chapter Questions

Problem 1.1P

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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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