Given the following information, determine the balance on the United States current account and capital accounts: Imports..............................................................................................................$211.5
Question:
Given the following information, determine the balance on the United States’ current account and capital accounts:
Imports..............................................................................................................$211.5
Net income from foreign investments ..............................................................32.3
Foreign investments in U.S. ................................................................................ 7.7
Government spending abroad ............................................................................ 4.6
Exports ................................................................................................................ 182.1
U.S. investments abroad .................................................................................... 24.7
Foreign securities bought by U.S.......................................................................... 4.9
U.S. securities bought by foreigners.................................................................... 2.8
Purchase of short-term foreign securities.......................................................... 6.5
Foreign purchases of U.S. short-term securities................................................ 9.1
Step by Step Answer:
Basic Finance An Introduction to Financial Institutions, Investments and Management
ISBN: 978-1285425795
11th Edition
Authors: Herbert B. Mayo