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2. Accounting for trade in goods and services Suppose the following transactions occur during the current year: 1. Hubert orders 40 cases of mezcal from

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2. Accounting for trade in goods and services Suppose the following transactions occur during the current year: 1. Hubert orders 40 cases of mezcal from a Mexican distributor at a price of $90 per case. 2. A U.S, company sells 200 telephoto lenses to a Japanese company at $10.00 per telephoto lens. 3. Manuel, a U.S. citizen, pays $670 for a skateboard he orders from Wally's (a U.S. company). Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year. Hint: Be sure to enter a " 0 " If none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative. 2. Accounting for trade in goods and services Suppose the following transactions occur during the current year: 1. Hubert orders 40 cases of mezcal from a Mexican distributor at a price of $90 per case. 2. A U.S, company sells 200 telephoto lenses to a Japanese company at $10.00 per telephoto lens. 3. Manuel, a U.S. citizen, pays $670 for a skateboard he orders from Wally's (a U.S. company). Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year. Hint: Be sure to enter a " 0 " If none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative

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