MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 18, Problem 19SQ
To determine
The item that is not a part of current account.
Expert Solution & Answer
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A country that is spending more than it makes
a- unstable
b- trade balance
c- trade deficit
c- trade surplus
If a country is importing more than it is exporting it will have a
balance of trade
trade surplus
trade deficit
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)
-10
Current Account Balance
Capital Account
U.S. Capital Inflow
80
U.S. Capital Outflow
-60
Capital Account Balance
Statistical Discrepancy
According to the table, the United States is running a trade .
The net balance of payments equals
billion.
Chapter 18 Solutions
MACROECONOMICS FOR TODAY
Ch. 18.4 - Prob. 1GECh. 18.6 - Prob. 1GECh. 18 - Prob. 1SQPCh. 18 - Prob. 2SQPCh. 18 - Prob. 3SQPCh. 18 - Prob. 4SQPCh. 18 - Prob. 5SQPCh. 18 - Prob. 6SQPCh. 18 - Prob. 7SQPCh. 18 - Prob. 8SQP
Ch. 18 - Prob. 9SQPCh. 18 - Prob. 10SQPCh. 18 - Prob. 11SQPCh. 18 - Prob. 1SQCh. 18 - Prob. 2SQCh. 18 - Prob. 3SQCh. 18 - Prob. 4SQCh. 18 - Prob. 5SQCh. 18 - Prob. 6SQCh. 18 - Prob. 7SQCh. 18 - Prob. 8SQCh. 18 - Prob. 9SQCh. 18 - Prob. 10SQCh. 18 - Prob. 11SQCh. 18 - Prob. 12SQCh. 18 - Prob. 13SQCh. 18 - Prob. 14SQCh. 18 - Prob. 15SQCh. 18 - Prob. 16SQCh. 18 - Prob. 17SQCh. 18 - Prob. 18SQCh. 18 - Prob. 19SQCh. 18 - Prob. 20SQ
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- If a country devalues its currency, that will immediately improve its trade deficit. T/Farrow_forwardCountries which export more than they import have a balance of payments trade surplus trade deficit imbalance of paymentsarrow_forwardThe table below depicts the Balance of Payments for Country A. (a) State Country A’s trade balance(b) State Country A’s current account balance(c) State Country A’s financial account balancearrow_forward
- Which measure of trade involves a comparison of exports, imports, international income flows, and international transfers? merchandise trade balance current account balance import trade balance export trade balancearrow_forwardExports $750 Imports $600 Net income from abroad -$225 Net unilateral transfers $30 Based on the data above, what is the current account and financial/capital account balance? The current account is in deficit, and the financial/capital account is in surplus. The current account and financial/capital account are both in deficit. The current account and financial/capital account are both in surplus. The current account is zero, and the financial/capital account is in surplus.arrow_forwardIn relation to a country's economy, the more a country imports and the worse the current account becomes, what happens?arrow_forward
- If the current account is in surplus and the capital account is zero, then the financial account must be in deficit. the trade balance must be in deficit. the balance of payments must be in deficit. there is a capital inflow.arrow_forwardDisplay graphically changes in the value of domestic currency, if a foreign government imposes tariffs on some kind of domestic goodsvarrow_forwardWhich of the following is included in a nation's current account? a) Purchases of foreign assets b) Borrowings from abroad c) Foreign purchases of U.S. financial assets d) Investment income receipts e) Purchases of foreign real propertyarrow_forward
- What are the key components and significance of a nation's balance of payments statement in understanding its economic health and international trade relationships?arrow_forwardScroll down to "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present" and download those spreadsheets. https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2021? Using Table 1, to which three nations (not areas or regions) did the U.S. export the highest dollar value of goods and services in 2017?arrow_forwardIf our (U.S.) current account is in deficit we are buying foreign financial assets we must have a government budget deficit we are supplying foreigners with our savings we are borrowing from foreignersarrow_forward
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