Use the information in the following table to solve for the value of the statistical discrepancy and
Question:
Use the information in the following table to solve for the value of the statistical discrepancy and prepare a balance of payments account, like the one shown in Table 29.1 on page 1019.
Assume that the balance on the capital account is zero.
Increase in foreign holdings of assets in the United
States ............................................................. $1,181
Exports of goods ................................................ 856
Imports of services .............................................. 2256
Statistical discrepancy .......................................... ?
Net transfers ..................................................... 260
Exports of services ............................................. 325
Income received on investments .............................. 392
Imports of goods ................................................21,108
Increase in U.S. holdings of assets in foreign countries ....21,040
Income payments on investments ............................. 2315
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