What is the goods trade balance? (Numeric calculations required - Show your work) . What is...

   

Transcribed Image Text:

What is the goods trade balance? (Numeric calculations required - Show your work) . What is the current account balance?(Numeric calculations required - Show your work) Does the financial account equal the current account plus the capital account balance? (Numeric calculations required - Show your work) What is the statistical discrepancy? (Numeric calculations required - Show your work) Weigh the pros and cons of a large trade deficit. Current account Exports of goods and services and income receipts Exports of goods and services Goods Services Primary income receipts Investment income Compensation of employees Secondary income (current transfer) receipts Imports of goods and services and income payments Imports of goods and services Goods Services Primary income payments Investment income Compensation of employees Secondary income (current transfer) payments Capital account Capital transfer receipts and other credits Financial account Net U.S. acquisition of financial assets excluding financial derivatives Direct investment assets Portfolio investment assets Other investment assets Reserve assets Net U.S. incurrence of liabilities excluding financial derivatives Direct investment liabilities Portfolio investment liabilities Other investment liabilities Financial derivatives other than reserves, net transactions Statistical discrepancy Statistical discrepancy 2017 2,332 1,551 781 927 920 7 150 2,900 2,362 538 710 689 21 265 25 424 590 200 -2 349 837 402 26 What is the goods trade balance? (Numeric calculations required - Show your work) . What is the current account balance?(Numeric calculations required - Show your work) Does the financial account equal the current account plus the capital account balance? (Numeric calculations required - Show your work) What is the statistical discrepancy? (Numeric calculations required - Show your work) Weigh the pros and cons of a large trade deficit. Current account Exports of goods and services and income receipts Exports of goods and services Goods Services Primary income receipts Investment income Compensation of employees Secondary income (current transfer) receipts Imports of goods and services and income payments Imports of goods and services Goods Services Primary income payments Investment income Compensation of employees Secondary income (current transfer) payments Capital account Capital transfer receipts and other credits Financial account Net U.S. acquisition of financial assets excluding financial derivatives Direct investment assets Portfolio investment assets Other investment assets Reserve assets Net U.S. incurrence of liabilities excluding financial derivatives Direct investment liabilities Portfolio investment liabilities Other investment liabilities Financial derivatives other than reserves, net transactions Statistical discrepancy Statistical discrepancy 2017 2,332 1,551 781 927 920 7 150 2,900 2,362 538 710 689 21 265 25 424 590 200 -2 349 837 402 26

Answer rating: 100% (QA)

ANSWER To answer the questions lets calculate the values step by step 1 Goods Trade Balance Goods Trade Balance Exports of Goods Imports of Goods Good... View the full answer