Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone please show me how to figure this? I am not sure of how to calculate this. U.S. goods reports U.S. goods imports U.S.

image text in transcribed

Can someone please show me how to figure this? I am not sure of how to calculate this.

image text in transcribed
U.S. goods reports U.S. goods imports U.S. service exports #133 U.S. service imports -107 Net investment income #17 Net transfers Capital account Foreign purchases of U.S. assets U.S. purchases of foreign assets -59 The accompanying table contains hypothetical data for the U.S. balance of payments in a year All figures are in billions of dollars. The balance of trade in goods and services was Cry Multiple Cholos O 582 billion deficit O 107 billion surplus. O full billon dellot O $55 billion warplot

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

Step: 3

blur-text-image

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

Bank Management

Authors: Timothy W Koch, Steven Scott MacDonald, S Scott MacDonald

6th Edition

0324289278, 9780324289275

More Books

Students also viewed these Economics questions

Question

What are the trade-offs between reimbursement and indemnity?

Answered: 1 week ago

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago