The annual (since 1999) U.S.Balance of Payments (now called International Transactions) as a whole, is available on FRED at the following address:

https://fred.stlouisfed.org/release/tables?rid=49&eid=4&od=1999-01-01#

Note: the command sequence to access these data from the FRED home page is

Releases

>U.S. International Transactions

> Table 1.2. U.S. International Transactions, Expanded Detail

By clicking on the Table title "Table 1.2U.S. International Transactions, Expanded Detail," you can also access quarterly data.Here, however, we're only concerned about annual data.

Using these data, you're to fill in the Balance of Payments table below that is virtually identical to the one we presented in class.(In other words, you're "converting" real-world data into the format you learned in class and found in the Week 4 Power Point slides.)(3 points; 0.6 points per segment)

Item Balance = (inflows - outflows) (millions of dollars) a Current Account Balance Capital Account Balance $-6, 030-[filled in for you )T T (Current + Capital-Account ] Balance Financial Account U.S. Assets Abroad (b)-(net outflow of resources shown by (-])(-T T -. .S. Liabilities to Poreigners T (9) (net inflow of resources shown by (+))(-T Net Change in Derivative ContractsT $3, 297-(filled in for you ) T Balance on Financial Account-T (d) (-T (including derivative contracts) Balance on Balance of Payments-T Sum of ( ) (Current Account + Capital Account) Balance and (+) Financial-Account Balance) T Statistical Discrepancy