Imports of goods and services: $2,000 billion; interest paid to the rest of the world: $500 billion;

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Imports of goods and services: $2,000 billion; interest paid to the rest of the world: $500 billion; interest received from the rest of the world: $400 billion; decrease in U.S. official reserves: $10 billion; government sector balance: $200 billion; saving: $1,800 billion; investment: $2,000 billion; net transfers: zero.

1. Calculate the current account balance, the capital and financial account balance, the official settlements account balance, and exports of goods and services.

2. Is the United States a debtor or a creditor nation?

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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