Ch 5 Global Trade [AP & Reg]

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Unformatted text preview: 0). 2. The U.S.’s balance on goods & services is a (deficit/surplus) of ($30/$40) bil. 3. The U.S.’s balance on the current account is a (deficit/surplus) of ($25/$35). 4. The balance on the capital and financial account is a (surplus/deficit) of ($25/$30/$40). 5. The U.S. is experiencing a balance of payments (surplus/deficit) of $5. [don’t include official reserves here] 6. The “official reserves account indicates the U.S. (imported/exported) $5 billion of its stock of foreign reserves. [A + here means we will export a stock of foreign money ($’s will enter U.S.)] [A – here means we will import a stock of foreign money ($’s will exit U.S.)] Curr. Curr. Acct Acct ­$25 $5 Goods exports……….………………………+$45 Answer the next 8 questions[33­40] th Goods imports….…………………………….­$75 33. The balance on goods is a Service exports……………………………..+$15 (deficit/surplus) of ($25/$30/$40) billion. Service imports………………………………­$10 34. The balance on goods and services is...
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This note was uploaded on 07/20/2012 for the course ECON 2106 at GCSU.

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