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find the balance of payment and balance of trade only and show detailed calculation and explanation of what was added or subtracted and why it
find the balance of payment and balance of trade only and show detailed calculation and explanation of what was added or subtracted and why it was added or subtracted Source: Bureau of economic analysis Current Account SMillions $3,178.744 Exports of goods, services, and income receipts (credits) Goods 1,592,784 687 410 Services 780,120 Primary income receipts Secondary income receipts eceipts 118429 Imports of goods, services, and income (debits) 3,578,998 Goods 2.294,453 Services 462,134 Primary income payments 580,446 Secondary income payments 24195 Capital Account Capital transfer receipts Capital transfer debits Financial Account Net U.S. acquisition of financial assets 644763 Net U.S. Incurrence of liabilities 1017699 Net financial derivatives 2248 3000 Statistical discrepancy Questions - 1- Calculate the Balance of Trade and Balance of payment. 2-Explain and analyze the BOP Statement, then answer the following questions: A) What is BOP? What are the main components of BOP? B) Identify the Causes of BOP Imbalance if any? C) What does it mean to have a surplus or a deficit in the Balance of Payments? Suggest the strategies to overcome trade deficits? D) How appreciation & depreciation of country currency impact the economic growth of country? E) Explain the Relevance of Balance of Payment to the Multinational Corporation in decision making. Source: Bureau of economic analysis Current Account SMillions $3,178.744 Exports of goods, services, and income receipts (credits) Goods 1,592,784 687 410 Services 780,120 Primary income receipts Secondary income receipts eceipts 118429 Imports of goods, services, and income (debits) 3,578,998 Goods 2.294,453 Services 462,134 Primary income payments 580,446 Secondary income payments 24195 Capital Account Capital transfer receipts Capital transfer debits Financial Account Net U.S. acquisition of financial assets 644763 Net U.S. Incurrence of liabilities 1017699 Net financial derivatives 2248 3000 Statistical discrepancy Questions - 1- Calculate the Balance of Trade and Balance of payment. 2-Explain and analyze the BOP Statement, then answer the following questions: A) What is BOP? What are the main components of BOP? B) Identify the Causes of BOP Imbalance if any? C) What does it mean to have a surplus or a deficit in the Balance of Payments? Suggest the strategies to overcome trade deficits? D) How appreciation & depreciation of country currency impact the economic growth of country? E) Explain the Relevance of Balance of Payment to the Multinational Corporation in decision making
find the balance of payment and balance of trade only and show detailed calculation and explanation of what was added or subtracted and why it was added or subtracted
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