Examine the summary of the balance of payments of the United States for 2021. Compute and...
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Examine the summary of the balance of payments of the United States for 2021. Compute and discuss the balance on the current account and its subaccounts. A Summary of the U.S. Balance of Payments for 2021 (in $ billion) Current Account [1] Exports [1.1] Goods [1.2] Services [2] Imports [2.1] Goods [2.2] Services [3] Primary income Credits Debits $2,528.4 1,652.1 876.3 -$3,104.7 -2,513.6 -591.1 [4] Secondary income Balance on current account [[1]+[2]+[3]+[4]] Capital Account Balance on capital account 1,124.9 -893.0 159.2 -286.9 -472.1 0.1 -6.5 -6.4 Financial Account (excluding official reserves) [5] Direct investment 302.2 -122.2 [6] Portfolio investment 218.9 13.5 [6.1] Equity securities -244.1 163.4 [6.2] Debt securities [7] Other investment 421.3 -149.9 [6.3] Derivatives, net 41.7 276.4 -203.6 Balance on financial account [[5]+[6]+[7]] 485.2 [8] Statistical discrepancies Overall balance Official Reserve Account Source: The U.S. Bureau of Economic Analysis 4.7 -2.0 -4.7 Examine the summary of the balance of payments of the United States for 2021. Compute and discuss the balance on the current account and its subaccounts. A Summary of the U.S. Balance of Payments for 2021 (in $ billion) Current Account [1] Exports [1.1] Goods [1.2] Services [2] Imports [2.1] Goods [2.2] Services [3] Primary income Credits Debits $2,528.4 1,652.1 876.3 -$3,104.7 -2,513.6 -591.1 [4] Secondary income Balance on current account [[1]+[2]+[3]+[4]] Capital Account Balance on capital account 1,124.9 -893.0 159.2 -286.9 -472.1 0.1 -6.5 -6.4 Financial Account (excluding official reserves) [5] Direct investment 302.2 -122.2 [6] Portfolio investment 218.9 13.5 [6.1] Equity securities -244.1 163.4 [6.2] Debt securities [7] Other investment 421.3 -149.9 [6.3] Derivatives, net 41.7 276.4 -203.6 Balance on financial account [[5]+[6]+[7]] 485.2 [8] Statistical discrepancies Overall balance Official Reserve Account Source: The U.S. Bureau of Economic Analysis 4.7 -2.0 -4.7
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The balance of payments for the United States in 2021 can be analyzed as follows Current Account Exports of goods 25284 billion Imports of goods 31047 ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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