Question
Examine the following summary of the German balance of payments for 2010 (in $ billion) and fill in the blank entries: (8 points) [You need
Examine the following summary of the German balance of payments for 2010 (in $ billion) and fill in the blank entries: (8 points) [You need to show your work on page 7 to reach the answer in each blank.] Summary of the German Balance of Payments for 2010 (in $ billion) Credits Debits Current Account (1) Exports 1,788.4 (1.1) Merchandise 1,282.5 (1.2) Services 253.6 (1.3) Factor Income 252.3 (2) Imports -1,529.5 (2.1) Merchandise -1,073.1 (2.2) Services (2.3) Factor Income -180.2 (3) Unilaterial Transfer 23.1 -74.2 Balance on current account Capital Account (4) Direct Investment 28.0 -93.0 (5) Portfolio Investment 39.8 -231.4 (5.1) Equity Securities -3.1 -30.4 (5.2) Debt Securities 65.9 -200.9 (5.3) Derivatives -23.0 ----- (6) Other Investment 234.0 -162.2 Balance on capital account (7) Statistical Discrepancies Overall balance 2.1 Official Reserve Account -2.1 Source: IMF, International Financial Statistics Yearbook, 2012
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