Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listed below is U.S.'s BOP from year 2008-2010. Account (billions of US dollars) 2008 2009 2010 A. Current Account Goods&Services: exports 1841612 1583053 1853606 Goods&Services:

image text in transcribed
Listed below is U.S.'s BOP from year 2008-2010. Account (billions of US dollars) 2008 2009 2010 A. Current Account Goods&Services: exports 1841612 1583053 1853606 Goods&Services: imports 2550339 1966827 2348263 Income: credit 823707 614379 684915 Income: debit 677561 490794 507254 Current transfers: credit 86630 88491 92278 Current transfers: debit 214839 212324 217242 B. Capital Account 6011 -140 -157 c. Financial Account Direct investment abroad 351724 313726 354575 Direct investment in U.S. 332734 153787 259345 Portfolio investment assets, net -284269 375883 199620 Portfolio investment liabilities, net 523683 357352 820434 Balance on other investment assets and liabilities, net -20597 416873 -100854 D. Net Errors and Omissions -87059 142402 16094 E. Reserves and Related Items 3473 3357 1293 What was the balance of current account in 2008

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

Globalization Gating And Risk Finance

Authors: Unurjargal Nyambuu, Charles S. Tapiero

1st Edition

1119252652, 978-1119252658

More Books

Students also viewed these Finance questions

Question

Which form of proof do you find least persuasive? Why?

Answered: 1 week ago