8 The U.S. economy records the transactions in the table.(billions ofdollars)Calculate the current account balance, the capital and financial account balance, the official settlements account balance, and exports of goods and services.ItemImports of goods and services2,250>>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign.Interest paid to the rest of the world700Interest received from the rest of theworld650Increase in U.S. official reserves10The current account balance is billion dollars.Government sector balance2002,0002,100SavingThe capital and financial account balance isbillion dollars.InvestmentNet transfersThe official settlements account balancebillion dollars.Exports of goods and services arebillion dollars.

Considering it records what a nation exchanges with other nations of the world, encompassing…

The U.S. economy records the transactions in the table. Calculate the current account balance, the capital and financial account balance, the official settlements account balance, and exports of goods and services. >>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign. The current account balance is billion dollars. The capital and financial account balance is billion dollars. The official settlements account balance billion dollars. Exports of goods and services are billion dollars. Item Imports of goods and services Interest paid to the rest of the world Interest received from the rest of the world Increase in U.S. official reserves Government sector balance Saving Investment Net transfers (billions of dollars) 2,250 700 650 10 200 2,000 2,100 0

The U.S. economy records the transactions in the table. Calculate the current account balance, the capital and financial account balance, the official settlements account balance, and exports of goods and services. >>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign. The current account balance is billion dollars. The capital and financial account balance is billion dollars. The official settlements account balance billion dollars. Exports of goods and services are billion dollars. Item Imports of goods and services Interest paid to the rest of the world Interest received from the rest of the world Increase in U.S. official reserves Government sector balance Saving Investment Net transfers (billions of dollars) 2,250 700 650 10 200 2,000 2,100 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The U.S. economy records the transactions in the table.
(billions of
dollars)
Calculate the current account balance, the capital and financial account balance, the official settlements account balance, and exports of goods and services.
Item
Imports of goods and services
2,250
>>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign.
Interest paid to the rest of the world
700
Interest received from the rest of the
world
650
Increase in U.S. official reserves
10
The current account balance is billion dollars.
Government sector balance
200
2,000
2,100
Saving
The capital and financial account balance is
billion dollars.
Investment
Net transfers
The official settlements account balance
billion dollars.
Exports of goods and services are
billion dollars.

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