Item Imports of goods and services Foreign investment in the United States Exports of goods and services U.S. investment abroad Net interest income Net transfers Statistical discrepancy a. Calculate the current account balance b. Calculate the capital and financial account balance. Billions of U.S. dollars 2,561 955 1,853 300 121 -123 66

Item Imports of goods and services Foreign investment in the United States Exports of goods and services U.S. investment abroad Net interest income Net transfers Statistical discrepancy a. Calculate the current account balance b. Calculate the capital and financial account balance. Billions of U.S. dollars 2,561 955 1,853 300 121 -123 66

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 44P: Imagine that the U.S. economy finds itself in the following situation: a government budget deficit...

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