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Transactions between the US and the rest of the world are shown below. Use the following information to answer the next 2 questions. US citizens
Transactions between the US and the rest of the world are shown below. Use the following information to answer the next 2 questions.
- US citizens spend 50 million dollars visiting China.
- American companies sell 30 million dollars worth of stock to foreign investors.
- US citizens receive 10 million dollars worth of dividend payments from foreign corporations.
- US government buys 5 million dollars worth of bonds.
- American citizens purchase 35 million dollars worth of Japanese produced vehicles.
- US government buys 18 million dollars worth of gold.
- Ford sells 80 million dollars worth of cars overseas.
- US corporations receive 4 million dollars in interest from foreign corporations.
- US citizens send 16 million dollars in disaster relief to Haiti..
Find the capital account balance (in millions of dollars).
- 25
- 21
- 3
- 5
Find the current account balance (in millions of dollars).
- 18
- -7
- 9
- -5
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