In one year the United States had a current eccount deflicit of -S358 bilon, The balance on the capital accournt was-$5 billion. What was the balance on the financial account? Mue Choce Sa lion 353 llon $303 bitlon

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 39CTQ: Occasionally, a government official will argue that a country should strive for both a trade surplus...
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In one yeer the United States had a current eccount delicit of -$358 billion, The balance on the capital account was-$5 billion. What was the balance on the financial
account?
Multpe Chokce
$3 blion
$353 bilon
-$363 billon
-$358 bilon
-$363 was incorrect
The U.S. often has a significant surplus in services trade, even though it has a deficit in goods trade.
True or False
True
False
Transcribed Image Text:In one yeer the United States had a current eccount delicit of -$358 billion, The balance on the capital account was-$5 billion. What was the balance on the financial account? Multpe Chokce $3 blion $353 bilon -$363 billon -$358 bilon -$363 was incorrect The U.S. often has a significant surplus in services trade, even though it has a deficit in goods trade. True or False True False
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