Question
The table below shows Delphi's balance-of-payments accounts in millions of dollars. Receipts Payments Balance Current Account Merchandise trade 209.1 368.9 159.8 Trade in services 214.2
The table below shows Delphi's balance-of-payments accounts in millions of dollars.
Receipts | Payments | Balance | |
Current Account | |||
Merchandise trade | 209.1 | 368.9 | 159.8 |
Trade in services | 214.2 | 111 | 103.2 |
Investment income | 219.2 | 180.0 | 39.2 |
Transfers | 64.7 | 27.9 | 36.8 |
Capital and Financial Accounts | |||
Capital Account | 5.4 | 4.0 | 1.4 |
Financial Account | |||
Direct investment | 75.1 | 98.1 | -23.0 |
Portfolio investment | 37.3 | 52.2 | 14.9 |
Other financial investments | 43.4 | 17.3 | 26.1 |
a. Fill in the above table. Enter your responses above rounded to 1 decimal place. For balance-of-payments deficits and surpluses do not enter positive or minus signs. For the balance of trade and changes in official reserves do enter a minus sign in front of any negative value responses. b. Delphi's balance of trade is $ million. c. There is a surplus of $ million on Delphi's current account. There is a deficit of $ million on Delphi's capital and financial accounts. d. If the statistical discrepancy in Delphi's balance of payments accounts is $4.5 million, Delphi is running a balance of payments surplus of $ million. e. The change in official reserves that appears in Delphi's balance of payments accounts is $ million, which shows that Delphi's central bank sold Delphi's own currency and bought foreign currency in order to keep down the value of Delphi's currency.
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