The table gives some information about U.S. international transactions in 2015. a. Calculate the balance on the
Question:
The table gives some information about U.S. international transactions in 2015.
a. Calculate the balance on the three balance of payments accounts.
b. Was the United States a net borrower or a net lender? Explain your answer.
Transcribed Image Text:
Item Imports of goods and services Foreign investment in the United States Exports of goods and services U.S. investment abroad Net interest income Net transfers Statistical discrepancy Billions of U.S. dollars 2,764 502 2,264 175 193 -127 101
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To calculate the balance on the three balance of payments accounts we need to understand the components of each account 1 The Current Account includes trade in goods and services exports and imports n...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The new owners of a small takeaway store, have recorded the following weekly profits for the first seven weeks of trading: Weekly Profits 1,414, 2246,3669,4619,4954,5421,5731 What is the value of the...
-
The table gives some information about U.S. international transactions in a year. Item Billions of U.S. dollars Imports of goods and services 2,561 Foreign investment in the United States 955...
-
The table gives some information about Canadas international transactions in 2010. a. Calculate the balance on the three balance of payments accounts. b. Was Canada a net borrower or a net lender in...
-
This can be anything - goods or services; in which you reflect upon your understanding of the ideal marketing mix for your proposed product/service. please explain for me in details and sources?
-
The frequency of vibrations of a vibrating violin string is given by where L is the length of the string, T is its tension, and is its linear density. [See Chapter 11 in Donald E. Hall, Musical...
-
Consider the energy density in the electric field at a distance d away from a positive point charge. If the positive point charge is then replaced with a negative point charge of equal magnitude, how...
-
Determine if the mixed method aspect is concurrent, sequential,, or nested. Develop a hypothetical research scenario that would necessitate the use of the Mixed Method A-B-A Design. The research will...
-
Presented below are selected account balances for Homer Winslow Co. as of December 31, 2008. Instructions Prepare closing entries for Homer Winslow Co. on December 31, 2008. (Omitexplanations.)...
-
In its simplest form, profit is: Fixed costs - Depreciation - Interest = Profit Sales/Turnover - Variable costs/Used goods = Profit (Actual retail price - cost)/ Actual retail price = Profit (Price -...
-
Suppose that yesterday, the U.S. dollar was trading on the foreign exchange market at 0.75 euros per U.S. dollar and today the U.S. dollar is trading at 0.80 euros per U.S. dollar. Which of the two...
-
Lebanon has maintained the same exchange rate between the Lebanese pound and the U.S. dollar for more than 20 years. While some argue that continuing with this system is unsustainable for the central...
-
A beam of protons moves along the x axis in the positive x direction with a speed of 12.4 km/s through a region of crossed fields balanced for zero deflection. (a) If there is a magnetic field of...
-
In queuing models, waiting cost plus ____________________ equal total cost.
-
Discuss and explain with examples the four main assumptions for successfully applying a Markov analysis.
-
Why dispersion has to be taken into account?
-
Refer to the Foreign Account Tax Compliance Act (FATCA); when is foreign income taxable?
-
What mathematical background is essential to tackle Markov analysis even at a basic level?
-
Below are several transactions that took place in Mohawk Company last year: a. Bonds were retired by paying the principal amount due. b. Equipment was purchased by giving a long-term note to the...
-
What are the key elements of a system investigation report?
-
What is poverty and how does its incidence vary across the races?
-
How much mobility has there been through the income quintiles since 2007?
-
Which income distribution is more unequal and why: the income distribution in the United States or in the entire world?
-
Horizontal boom OAB with total length 2 = 2 m is held in equlibrium by cables AD and BE and by a ball- and-socket joint at O. A crate with weight W = 675 N is hung from the end of the boom at point...
-
A simple ideal Rankine cycle which uses water as the working fluid operates its condenser at 30C and its boiler at 350C. Calculate the work produced by the turbine, the heat supplied in the boiler,...
-
Water (Cp=4180 J/kg.C) enters a counter flow flat plate heat exchanger at 10C at a rate of 27 L/hr, where it is heated by a hot water stream (Cp = 4196 J/kg.C) that enters the heat exchanger at 100C...
Study smarter with the SolutionInn App