Question
The country of Statsylvania has the following accounts related to other countries: US$-Billions Imports (goods) -55 Exports (services) 22 Income receipts on Stats investments abroad
The country of Statsylvania has the following accounts related to other countries:
US$-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'sservice trade balance?
2.What is their income balance?
3.What is their current account balance?
4.What istheir 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 problem?
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