Question: (a) From Table 13.3, calculate the official settlements balance of the United States for each year from 1965 to 2011. (b) Why is this appropriate

(a) From Table 13.3, calculate the official settlements balance of the United States for each year from 1965 to 2011.

(b) Why is this appropriate measure for the U.S. balance-of-payments position until 1972, but not as appropriate since 1973?

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