1. Which component of the balance of payments accounts is affected by the following economic developments? Explain your answers for each.

(a) A U.S. company sells a brand-new airplane to an Australian airline.

(b) German investors buy stocks in an American parcel shipping service.

(c) South Vietnam purchases from the United States a fleet of used machines for chewing up old asphalt when resurfacing roads. The United States ships the entire fleet to South Vietnam.

(d) A Russian oligarch who owns homes in the United States buys a luxury corporate yacht, which he keeps in the United States.

(e) The Amazon Basin floods for nearly a week, causing massive loss of property, record-breaking damages, and several hundred deaths. The U.S. government approves sending a foreign aid package to help the worst-hit countries: Peru, Bolivia, and Brazil.