Use TABLE below to answer - Balance of trade is NOT minus (inflow + outflow)!!! You work
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667b7d3355b96_010667b7d32f3431.jpg)
Use TABLE below to answer - Balance of trade is NOT minus (inflow + outflow)!!!
You work for the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce. Your supervisor gives you the following U.S. International Transactions Accounts for the Year 20XX (figures are in billions of dollars) and wants it reported in a coherent fashion in accordance with accepted conventions:
Investment income payments (27.3); Export of goods 80.6; Balance of services 5.1; Capital outflow (44.5); Imports of goods (110.9); Change in Official Reserves 2; Investment income receipts 24.7; Capital inflow 73.6; Net unliteral transfers (3.3).
(a)He wants you to compute the balances of trade, current account, capital account and statistical discrepancy.
(b)He also wants you to find out (based on your calculation) if the U.S. is a net debtor or a net creditor.
TABLE:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667b7d3499e9d_012667b7d3478f8c.jpg)