Exports of goods and services $652 Imports of goods and services $734 Net increase in U.S. holdings of foreign assets (excluding official reserve assets) $150 Net increase in foreign holdings of U.S. assets (excluding official reserve assets) $273 Investment income (interests) paid to foreigners $359 Investment income (interests) received from foreigners $223 Unilateral transfers received from foreigners $92 Unilateral transfers given to foreigners $158

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter28: International Trade And Finance
Section: Chapter Questions
Problem 11SQ
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Items
Value (in millions)
Exports of goods and services
$652
Imports of goods and services
$734
Net increase in U.S. holdings of foreign assets (excluding official reserve assets)
$150
Net increase in foreign holdings of U.S. assets (excluding official reserve assets)
$273
Investment income (interests) paid to foreigners
$359
Investment income (interests) received from foreigners
$223
Unilateral transfers received from foreigners
$92
Unilateral transfers given to foreigners
$158
Statistical discrepancy
$37
1. What is the financial account balance?
Deficit of $13 million
Deficit of $123 million
Deficit of $136 million
Surplus of $123 million
Transcribed Image Text:Items Value (in millions) Exports of goods and services $652 Imports of goods and services $734 Net increase in U.S. holdings of foreign assets (excluding official reserve assets) $150 Net increase in foreign holdings of U.S. assets (excluding official reserve assets) $273 Investment income (interests) paid to foreigners $359 Investment income (interests) received from foreigners $223 Unilateral transfers received from foreigners $92 Unilateral transfers given to foreigners $158 Statistical discrepancy $37 1. What is the financial account balance? Deficit of $13 million Deficit of $123 million Deficit of $136 million Surplus of $123 million
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