United states current account and capital accounts


Problem:

Given the following information, determine the balance on the United States’ current account and capital accounts:

Imports                                                                   211.5

Net income from foreign investments                          32.3

Foreign investments in US                                          7.7

Government spending abroad                                     4.6

Exports                                                                   182.1

US Investments abroad                                             24.7

Foreign securities bought by the US                             4.9

US securities bought by the foreigners                         2.8

Purchase of short-term foreign securities                     6.5

Foreign purchase of US short-term securities               9.1

Solution Preview :

Prepared by a verified Expert
Accounting Basics: United states current account and capital accounts
Reference No:- TGS01938057

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)