a) Calculate the U.S. merchandise trade, services, goods and services, income, unilateral transfers, and current account balances.

b) Which of these balances pertains to the net foreign investment position of the United States? How would you describe that position?

International Investment Position of the United State (billions of dollars) Foreign official assets in the United States 26 Other foreign assets in the United States 226 Leaming U.S. government assets abroad 150 U.S. private assets abroadInternational Transactions of the United States (billions of dollars) Travel and transportation receipts, net 25 Merchandise imports 450 Unilateral transfers, net -20 Allocation of SDRs 15 Receipts on U.S. investments abroad 20 Statistical discrepancy 40 Compensation of employees - 5 Changes in U.S. assets abroad, net -150 Merchandise exports 375 Other services, net 35 Payments on foreign investments in the -10 United States