Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the current account balance. Calculate the net lending or net borrowing from current and capital account transactions. Calculate the net lending or net borrowing
Calculate the current account balance. Calculate the net lending or net borrowing from current and capital account transactions. Calculate the net lending or net borrowing from financial account transactions. Calculate the statistical discrepancy. How does the trade deficit affect the exchange value of the dollar?
Current account Exports of goods and services and income receipts 3,780 Exports of goods and services 2,557 Primary income receipts 1,052 Secondary income (current transfer) receipts 171 Imports of goods and services and income payments 4,627 Imports of goods and services 3,402 Primary income payments 913 Secondary income (current transfer) payments 312 Capital account Capital transfer receipts and other credits Capital transfer payments and other debits 6 Financial account Net U.S. acquisition of financial assets excluding financial derivatives 1,279 Direct investment assets 422 Portfolio investment assets 719 Other investment assets 24 Reserve assets 114 Net U.S. incurrence of liabilities excluding financial derivatives 1,977 Direct investment liabilities 448 Portfolio investment liabilities 676 Other investment liabilities 853 Financial derivatives other than reserves, net transactions -42Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started