U.S. International Transactions Table 20XX ($ bill.) 1. Merchandise exports 2. Merchandise imports 3. Service exports 4. Service imports 5. Income receipts on U.S. assets abroad 20 -30 10 -5 10 6. Income payments on foreign assets in the U.S. -5 7. Government grant, private remittances 8. Change in U.S. private assets abroad, net -5 -10 9. Change in foreign private assets in the U.S., net 20 10. Statistical discrepancy 11. Change in U.S. Official Reserves, net 12. Change in Foreign Official Reserves, net ? -5 10 Use the above table to the question. The official reserve transactions balance is 10. 10 -10. 5. -5.
U.S. International Transactions Table 20XX ($ bill.) 1. Merchandise exports 2. Merchandise imports 3. Service exports 4. Service imports 5. Income receipts on U.S. assets abroad 20 -30 10 -5 10 6. Income payments on foreign assets in the U.S. -5 7. Government grant, private remittances 8. Change in U.S. private assets abroad, net -5 -10 9. Change in foreign private assets in the U.S., net 20 10. Statistical discrepancy 11. Change in U.S. Official Reserves, net 12. Change in Foreign Official Reserves, net ? -5 10 Use the above table to the question. The official reserve transactions balance is 10. 10 -10. 5. -5.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:U.S. International Transactions Table 20XX ($ bill.)
1. Merchandise exports
2. Merchandise imports
3. Service exports
4. Service imports
5. Income receipts on U.S. assets abroad
20
-30
10
-5
10
6. Income payments on foreign assets in the U.S. -5
7. Government grant, private remittances
8. Change in U.S. private assets abroad, net
-5
-10
9. Change in foreign private assets in the U.S., net 20
10. Statistical discrepancy
?
11. Change in U.S. Official Reserves, net
-5
12. Change in Foreign Official Reserves, net
10
Use the above table to the question.
The official reserve transactions balance is
10.
110
-10.
5.
-5.
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