Suppose that during a recent year for the United States, merchandise imports were $2 trillion, unilateral transfers

Question:

Suppose that during a recent year for the United States, merchandise imports were $2 trillion, unilateral transfers were a net outflow of $0.2 trillion, service exports were $0.2 trillion, service imports were $0.1 trillion, and merchandise exports were $1.4 trillion.
a. What was the merchandise trade deficit?
b. What was the balance on goods and services?
c. What was the current account balance?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: