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Please use the following debit and credit entries for various BOP accounts (in billion of $) to answer the following Account Credit Debit Capital 1,900

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Please use the following debit and credit entries for various BOP accounts (in billion of $) to answer the following Account Credit Debit Capital 1,900 870 Factor Income 25 35 Service 400 350 Merchandise 3500 4,800 Official Reserve 300 275 Transfers OD 14 The Current Account Balance should be in billions of $): 1250 defcit 1266 deficit 1300 deficit 186 deficit 50 surplus D Question 23 1 pts If the US inflation rate fell relative to the inflation rate in UK (and everything else remained constant) then US exports to UK would and US imports from UK would decrease increase : , decrease, decrease Increase increase Increase: decrease Question 24 1 pts I US national income rose relative to the national income of other countries and everything else remained comtant), US Trade Dencit wille ince decrease not chance

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