Hello, I need help with this please!

The multiple choice options are:

Merchandise:

+ 100

+ 186

+14

-86

-14

Financial Account:

+3

+35

-7

-29

-3

This would be entered as a:

debit

credit

Item under the:

US Merchandise exports

net unilateral transfers

US merchandise imports

Accounts combined give you the value of:

C

I

G

X

You can see that the current:

positive

negative

US value of X implies that:

GDP

GDP > C - I -G

GDP = C - I -G

The US is producing:

More

Less

Making it a:

Net debtor

Net Creditor

Because the account is in:

Surplus

Deficit

these transactions are the recorded in the:

Current

Financial

The balance of payments is always:

positive

negative

zero (assuming zero is the correct answer)

3. Interpreting a simplified balance sheet AaAa Consider this table, which shows hypothetical balance-of-payments data for the United States. Choose the correct value for each of the boxes. Simplified Balance of Payments (Billions of Dollars) Account Net Balance Services Income Unilateral transfers Current account -4 Financial account Statistical discrepancy Trade balance Suppose an American business owner purchases chocolates from Belgium in order to sell them in her shops. This would be entered as a account. item under the section of the U.S. current The net value of the merchandise and services accounts combined gives the value of income accounting equation GDP C+IG+ X. If you rewrite the equation as -GDP see that the current States is producing within the national (C I G), you can This means that the United U.S. value of X implies that than it is consuming, making it a Any surplus or deficit in one account must be offset by deficits or surpluses in other balance-of-payments accounts. Because the current account is in loaned to foreigners, or used to buy foreign stocks or bonds. All of these transactions are then recorded in the the excess of foreign currency held by Americans must either be account. Since any imbalance in one account automatically leads to an equal, but opposite imbalance in the other, the balance of payments is always