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Can I have help with this This is the Link: https://www.bea.gov/sites/default/files/2024-03/trans423.pdf Question 2: US Balance of Payments Accounts (based on chapter 5) To answer this
Can I have help with this
This is the Link: https://www.bea.gov/sites/default/files/2024-03/trans423.pdf
Question 2: US Balance of Payments Accounts (based on chapter 5) To answer this question, you must obtain data from the Bureau of Economic Analysis (BEA) on the U.S. balance of payments (BOP) released on March, 2024, (link). Obtain the following annual data in 2022 from Table 1. 1. What is the trade balance (TB) for goods, services, and total? 2. What is the net factor income from abroad (NFIA), net unilateral transfers (NUT), and the current account (CA)? 3. What is the change in the external wealth (W) implied by the sum of the current account and the capital account? Why may the change in external wealth implied by the sum of the current account and the capital account differ from the actual change in the external wealth? (the latter is not reported in Table 1)Step by Step Solution
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