The table gives some information about U.S. international transactions in 2015. a. Calculate the balance on the

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The table gives some information about U.S. international transactions in 2015. image text in transcribed

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.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:02 PM

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The table gives some information about U.S. international transactions in 2015. a. Calculate the balance on the

Question:

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

Step by Step Answer:

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

Economics

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