Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The country of Statsylvania has the following accounts related to other countries: US$-Billions Imports (goods) -55 Exports (services) 22 Income receipts on Stats investments abroad

image text in transcribed
image text in transcribed
The country of Statsylvania has the following accounts related to other countries: US$-Billions Imports (goods) -55 Exports (services) 22 Income receipts on Stats investments abroad 49 Net capital account -1 Direct investment abroad 67 Portfolio investment liabilities 41 Other investments (net) 12 Income Payments on foreign investments in Statsylvania -13 Direct investment in Statsylvania 33 Portfolio investment assets -75 Reserves, etc. 3 Exports (goods) 105 Current transfers -5 Imports (services) -66 1. What is Statsylvania's service trade balance? 2. What is their income balance? 3. What is their current account balance? 4. What is their balance of trade (BOT)? 5. What is the net direct investment in Statsylvania? 6. What is the net portfolio investment position? 7. What is the country's financial and capital account position? 8. Shouldn't the current account and financial account balance? 9. If they do not, how does international accounting fix the

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

Business Driven Technology

Authors: Paige Baltzan

8th Edition

1259924920, 978-1259924927

More Books

Students also viewed these Economics questions

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago

Question

Define Management by exception

Answered: 1 week ago