The table below shows the payments received from foreigners by the residents of the US and the payments made to foreigners by US residents during a certain year, measured in billions of dollars Payments from Foreigners Payments to Foreigners Trade in goods and services $2,612 $2,713 Factor payments Transfer $802 $621 $128 $289 Payments
The table below shows the payments received from foreigners by the residents of the US and the payments made to foreigners by US residents during a certain year, measured in billions of dollars Payments from Foreigners Payments to Foreigners Trade in goods and services $2,612 $2,713 Factor payments Transfer $802 $621 $128 $289 Payments
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 46CTQ: Is it legitimate to impose higher safety standards on imported goods that exist in the foreign...
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![The table below shows the payments received from foreigners bry the residerts of
the US and the
payments made to foreigners by US residents during a certain year, measured in
billions of dollars
Payments from
Foreigners
Payments to
Foreigners
Trade in goods
and services
Factor
$2,612
$2,713
$802
$621
payments
Transfer
$128
$289
Payments](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18992c9e-8ff4-49dd-8142-d6d4d5747fdb%2F4de7f6fd-8098-4330-8282-c7c2b8353f0c%2Fqk0vssj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The table below shows the payments received from foreigners bry the residerts of
the US and the
payments made to foreigners by US residents during a certain year, measured in
billions of dollars
Payments from
Foreigners
Payments to
Foreigners
Trade in goods
and services
Factor
$2,612
$2,713
$802
$621
payments
Transfer
$128
$289
Payments
![Refer to the table above. The Financial Account balance of the US equals
$-167 billion
-$81 billion
O $81 billion
O-$101 billion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18992c9e-8ff4-49dd-8142-d6d4d5747fdb%2F4de7f6fd-8098-4330-8282-c7c2b8353f0c%2F2s2wzf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Refer to the table above. The Financial Account balance of the US equals
$-167 billion
-$81 billion
O $81 billion
O-$101 billion
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