Question: answer 8-18 please Current Account Credits Debits ? ? 2 ? ? ? I ? ? Borders ? ? ? ? ? 2 Exports Merchandise

Current Account Credits Debits ? ? 2 ? ? ? I ? ? Borders ? ? ? ? ? 2 Exports Merchandise Service Primary Income Secondary Income Imports Merchandise Service Primary Income Secondary Income Balance on Current Account Capital Account Capital transfer inflow Capital transfer outflow Balance on Capital Account Financial Account Direct Investment Portfolio Investment Equity Securities Debt Securities Total Portfolio Investment Other Investment 2 ? ? 2 ? ? ? ? ? 2 Balance on Financial Account Statistical discrepancies ? 1. U.S. merchandise exports were $1,200 billion 2. U.S. merchandise imports were $1,700 billion 3. U.S. service exports were $750 billion 4. U.S. service imports were $480 billion 5. U.S. residents paid out $600 billion to foreigners as factor income 6. U.S. residents received $780 billion from foreigners as factor income 7. U.S. received grant from foreign country: $130 billion 8. U.S. gave foreign aid to another country: $280 billion 9. U.S. firms sold the patent to foreign companies: $20 billions 10. U.S. firms bought the patent from foreign companies: $18 billions 11. U.S. direct investment overseas was $350 billion 12. Foreign direct investment in the United States was $380 13. Foreigners invested $430 billion in U.S. debt securities 14. U.S. investors invested $300 billion in foreign debt securities 15. Foreigners purchased U.S. equities, $180 billion. I 16. U.S. domestic investors invested in foreign equities, $190 billion. 17. U.S. experienced a major inflow of $270 billion in short-term financial assets 18. U.S. investors invested $240 billion in their holdings of foreign short-term financial assets
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