Question: Use the information in the following table to solve for the value of the statistical discrepancy and prepare a balance of payments account, like the

Use the information in the following table to solve for the value of the statistical discrepancy and prepare a balance of payments account, like the one shown in Table 29.1 on page 1019.

Assume that the balance on the capital account is zero.

Increase in foreign holdings of assets in the United

States ............................................................. $1,181

Exports of goods ................................................ 856

Imports of services .............................................. 2256

Statistical discrepancy .......................................... ?

Net transfers ..................................................... 260

Exports of services ............................................. 325

Income received on investments .............................. 392

Imports of goods ................................................21,108

Increase in U.S. holdings of assets in foreign countries ....21,040

Income payments on investments ............................. 2315

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