Lesson_47_Balance of Payments

Lesson_47_Balance of Payments - U.S. Balance of Payments In...

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1 Lesson 47 1 U.S. Balance of Payments In this lesson we look at the U.S. Balance of Payments Data can be found in the Economic Report of the President Use a search engine to find “Economic Report of the President” Lesson 47 2 Follow link to downloadable reports and tables Find the link to the most recent statistical tables For this lesson, the important tables are B-1 (GDP) and B-103 (International Transactions) Lesson 47 3 There are three tabbed sheets at the bottom of table B-103 (labeled Sheet 1, Sheet 2, and Sheet 3) Sheet 1 reports the U.S. Current Account Sheet 2 reports the U.S. Financial Account Sheet 3 is blank
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2 Lesson 47 4 Table too large to fit on single slide, so look at a few pieces at a time Notice heading: U.S. International Transactions Notice numbers are in millions of dollars Lesson 47 5 Goods 1 Exports Imports Balance on goods 2001 718,712 -1,145,900 -427,188 Year or quarter Lesson 47 6 Services Net military transactions 2 Net travel and transportation Other services, net -2,296 -3,254 70,009
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3 Lesson 47 7 -362,729 Balance on goods and services Lesson 47 8 Income receipts and payments Receipts Payments
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This note was uploaded on 09/14/2009 for the course ECON 340 taught by Professor Leidholm during the Summer '08 term at Michigan State University.

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Lesson_47_Balance of Payments - U.S. Balance of Payments In...

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