Question
please help You are given the following figures for U.S. international transactions in 2010 (in $ billions): Merchandise imports -$300 Merchandise exports +$200 Investment income
please help
You are given the following figures for U.S. international transactions in 2010 (in $ billions):
Merchandise imports | -$300 |
Merchandise exports | +$200 |
Investment income (net) | +$30 |
Other service transactions (net) | +$20 |
Foreign private assets in the United States (net increase) | +$100 |
U.S. private assets abroad (net increase) | -$50 |
Change in U.S. or foreign official reserve holdings | 0 |
Calculate the balance of trade, balance of goods and services, balance on current account, official reserve transactions balance
Explain the difference between the current and capital accounts
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