Question
The table below shows Delphi's balance-of-payments accounts in millions of dollars. Receipts Payments Balance Current Account Merchandise trade198.1349.5 Trade in services202.9 97.7Investment income207.7170.5 Transfers 26.534.9
The table below shows Delphi's balance-of-payments accounts in millions of dollars.
ReceiptsPaymentsBalanceCurrent Account Merchandise trade198.1349.5 Trade in services202.9 97.7Investment income207.7170.5 Transfers 26.534.9Capital and Financial Accounts Capital Account5.13.8 Financial Account Direct investment71.2 -21.8Portfolio investment35.349.5 Other financial investments 16.424.7
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 deficit surplus of $ million on Delphi's current account. There is a deficit surplus 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 deficit 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 bought sold Delphi's own currency and bought sold foreign currency in order to keep down up the value of Delphi's currency.
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