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1. Current Account [1] [2] [3] (8 points) Assume this is a summary of the U.S. Balance of payments for 2018 (in $ billion).

1. Current Account [1] [2] [3] (8 points) Assume this is a summary of the U.S. Balance of payments for 2018 (in $ billion). Please fill in the blank spaces. [6] [7] Exports [1.1] Merchandise [12] Services [1.3] Factor income Imports [2.1] Merchandise [2.2] Services [2.3] Factor income Capital Account [4] [5] Unilateral transfer Balance on current account [[1] [2]+[3]] Direct investment Portfolio Investment [5.1] Equity securities [5.2] Debt securities [5.3] Derivatives, net Other investment Balance on capital account [[4] [5] [6]] Statistical discrepancies Overall balance Official Reserve Account Credits 3,044.1 1,510.3 750.9 128.6 379.4 276.3 178.3 429.2 25.4 270.9 188.9 6.3 Debits 3,362.1 -2,272.9 -188.7 -500.5 -273.6 348.6 -154.0 202.6 48.6 235.1

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