Problem 10

: Table 10.6 summarizes hypothecal transacons, in billions of U.S. dollars that

took place during a given year.

a.

Calculate the U.S. merchandise trade, services, goods and services, income, unilateral

transfers, and current account balances.

INTERNATIONAL TRANSACTIONS OF THE U.S. (BILLIONS OF DOLLARS)

Merchandise trade balance

Merchandise imports

Merchandise exports

75

450

-375

Services balance

60

Travel and transportaon receipt, net

25

Other service, net

35

Goods and serveries balances

0

Income balances

5

Receipts on U.S. investments abroad

20

Compensaon of employees

-5

Payments on foreign investments in U.S

-10

Unilateral transfers balances

-20

Unilateral transfers, net

-20

Current account Balances

-55

Capital and Financial Account solve it plz