PS1 - Problem set 1 Exercise 1 1 Jorge Ramirez a landscape...

This preview shows page 1 - 2 out of 2 pages.

Problem set 1Exercise 1:1.Jorge Ramirez, a landscape architect residing in Monterrey, Mexico, works for three months in Durham, NC, creating an indoor garden for a newly built museum and receives wages for $35,000.CA<0: net international compensation of employees as the US gives income to a non-US citizen.FA>0: payment is a sale of US financial asset (dollar) to a foreigner.2.Jinill Park’s mother, a resident of South Korea, pays her son’s tuition to Columbia University via a direct deposit.
3.Columbia University buys several park benches from Spain and pays with a $120,000 check.
4.Floyd Townsend, of Tampa, Florida, buys 5,000 dollars worth of British Airlines stock

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture