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The following are hypothetical data for the U. balance of payments. Use the data to calculate each of the following: Merchandise trade balance b....

The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:
a. Merchandise trade balance
b. Balance on goods and services
c. Balance on current account
d. Capital account balance
e. Statistical discrepancy
Billions of Dollars
Merchandise exports 350.0
Merchandise imports 2,425.0
Service exports 170.0
Service imports 2,145.0
Net income and net transfers 221.5
Outflow of U.S. capital 245.0
Inflow of foreign capital 70.0
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Economics-7597625.doc

The following are hypothetical data for the U.S. balance of payments. Use the data to calculate
each of the following:
a. Merchandise trade balance
b. Balance on goods and services
c. Balance on...

Sign up to view the full answer

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