Problem
1. Distinguish between autonomous and accommodating transactions in the balance of payments. What is the purpose of the distinction?
2. If a country is an exporter of long-term capital, what do you expect its current account balance to be? Why?
3. What is the essential distinction between the current account and the capital account in the balance of payments?
4. Since the US net creditor/debtor table is now published on a market value rather than historic value basis, what changes would have to be made to the published version of the US current account to make it match changes in the new creditor/debtor table?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.