Question: Solve number 1 0 A and B Table 1 0 . 6 summarizes hypothetical transactions, in billions of U . S . dollars, that took
Solve number A and B
Table summarizes hypothetical transactions, in billions of US dollars, that took place during a given year.
TABLE
International Transactions of the United States
billions of dollars
a Calculate the US merchandise trade, services, goods and services, income, unilateral transfers, and current account balances.
b Which of these balances pertains to the net foreign investment position of the United States? How would you describe that position?
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