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Ch 10 Balance of payments

Res for government aid aid transfers to us govt by

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Unformatted text preview: fers to US gov’t by for govds govds Military assistance to Military US gov’t US Private transfers Remittances Remittances by US residents to foreign res. residents Gifts to foreign Gifts residents by US residents residents Government Aid Aid transfers from US to For govt’s govt’s Military assistance to Military foreign gov’ts by US gov’t gov’t Current Account Current Credits Merchandise Exports Services Exports Unilateral Transfer Unilateral Credits Credits Debits Merchandise Imports Services Imports Unilateral Transfer Unilateral Debits Debits Question: A country can have a current account deficit or a current account surplus. Is one better than the other? 5% rule: a co...
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