Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

-440.4 TABLE 13-2 U.S. Balance of Payments Accounts for 2012 (billions of dollars) Current Account (1) Exports 2,986.9 Of which: Goods 1,561.2 Services 649.3 Income

image text in transcribed

-440.4 TABLE 13-2 U.S. Balance of Payments Accounts for 2012 (billions of dollars) Current Account (1) Exports 2,986.9 Of which: Goods 1,561.2 Services 649.3 Income receipts (primary income) 776.3 (2) Imports 3,297.7 of which: Goods 2,302.7 Services 442.5 Income payments (primary income) 552.4 (3) Net unilateral transfers (secondary income) -129.7 Balance on current account [(1)-(2) + (3)] Capital Account 7.0 Financial Account (5) Net U.S. acquisition of financial assets, excluding financial derivatives 97.5 of which: Official reserve assets 4.5 Other assets (6) Net U.S. incurrence of liabilities, excluding financial derivatives 543.9 Of which: Official reserve assets 393.9 Other assets (7) Financial derivatives, net 7.1 Net financial flows -439.4 [(5) - (6) + (7)] Net errors and omissions -6.0 [Net financial flows less sum of current and capital accounts] LOOK AT THE TABLE ABOVE, DOES ANYONE KNOW HOW TO CALCULATE NET UNILATERAL TRANSFER? I DO NOT HAVE IDEA TO GET THE VALUE OF -129.7 93.0 150.0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Economics

Authors: Zvi Bodie, Robert C Merton, David Cleeton

2nd Edition

0558785751, 9780558785758

More Books

Students also viewed these Finance questions

Question

Why do organisations use the matrix structure?

Answered: 1 week ago

Question

1. What would you do if you were Jennifer, and why?

Answered: 1 week ago