Balance of Payment Assignment | Homework For You
Use the following information to answer the questions below. Assume that the capital account is equal to zero.Net unilateral transfers 150 Exports of goods and services 7500 Net increase in United States government’s nonreserve foreign assists -130. Net increase in foreign ownership of United States based nonreserve assets 550. Net increase in U.S. private assets abroad 1250. Invest income received in the U.S. 510.
Net increase in U.S. ownership of official reserve assets 110Imports of goods and services 6500Net increase in foreign ownership of U.S.-based reserve assets 100Investment income paid abroad by the U.S. 800
(a) What is the current account balance?
(b) What is the capital account balance?
(c) What is the financial account balance?
(b) Does the capital account equal the current account?
(c) What is the statistical discrepancy?There is 20$ extra bonus, please show the formulas used to calculates the results. Get Economics homework help today