Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Question
Chapter 28, Problem 19SQ
To determine
The item that is not a part of current account.
Expert Solution & Answer
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A country that is spending more than it makes
a- unstable
b- trade balance
c- trade deficit
c- trade surplus
If a country is importing more than it is exporting it will have a
balance of trade
trade surplus
trade deficit
balance of payments
The following table shows a hypothetical balance-of-payments statement for the United States. All figures are in billions of dollars.
Complete the table by filling in the missing cells.
Balance of Payments (Billions of U.S. dollars)
Current Account
Goods and Services Exports
200
Goods and Services Imports
-182
Trade Balance
Income (net)
-10
Current Account Balance
Capital Account
U.S. Capital Inflow
80
U.S. Capital Outflow
-60
Capital Account Balance
Statistical Discrepancy
According to the table, the United States is running a trade .
The net balance of payments equals
billion.
Chapter 28 Solutions
Economics For Today
Ch. 28.4 - Prob. 1GECh. 28.6 - Prob. 1GECh. 28 - Prob. 1SQPCh. 28 - Prob. 2SQPCh. 28 - Prob. 3SQPCh. 28 - Prob. 4SQPCh. 28 - Prob. 5SQPCh. 28 - Prob. 6SQPCh. 28 - Prob. 7SQPCh. 28 - Prob. 8SQP
Ch. 28 - Prob. 9SQPCh. 28 - Prob. 10SQPCh. 28 - Prob. 11SQPCh. 28 - Prob. 1SQCh. 28 - Prob. 2SQCh. 28 - Prob. 3SQCh. 28 - Prob. 4SQCh. 28 - Prob. 5SQCh. 28 - Prob. 6SQCh. 28 - Prob. 7SQCh. 28 - Prob. 8SQCh. 28 - Prob. 9SQCh. 28 - Prob. 10SQCh. 28 - Prob. 11SQCh. 28 - Prob. 12SQCh. 28 - Prob. 13SQCh. 28 - Prob. 14SQCh. 28 - Prob. 15SQCh. 28 - Prob. 16SQCh. 28 - Prob. 17SQCh. 28 - Prob. 18SQCh. 28 - Prob. 19SQCh. 28 - Prob. 20SQ
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