The ounti USS-Billions -55 Imports (goods) Exports (services) Income receipts on Stats investments abroad Net capital account Direct investment abroad 22 49 -1 -67 Portfolio investment liabilities 41 -12 Other investments (net) Income Payments on foreign investments in Statsylvania Direct investment in Statsylvania -13 33 Portfolio investment assets -75 3. Reserves, etc. Exports (goods) 105 Current transfers -5 Imports (services) -66 1. What is Statsylvania's service trade balance? 2. What is their income balance? 3. What is their current account balance?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
The country of Statsylvania has the following accounts related to other countries:
USS-Billions
-55
Imports (goods)
Exports (services)
Income receipts on Stats investments abroad
Net capital account
Direct investment abroad
Portfolio investment liabilities
Other investments (net)
22
49
-1
-67
41
-12
-13
Income Payments on foreign investments in Statsylvania
Direct investment in Statsylvania
33
Portfolio investment assets
-75
3.
Reserves, etc.
Exports (goods)
105
Current transfers
-5
Imports (services)
-66
1. What is Statsylvania's service trade balance?
2. What is their income balance?
3. What is their current account balance?
4. What is their balance of trade (BOT)?
5. What is the net direct investment in Statsylvania?
6. What is the net portfolio investment position?
7. What is the country's financial and capital account position?
Transcribed Image Text:The country of Statsylvania has the following accounts related to other countries: USS-Billions -55 Imports (goods) Exports (services) Income receipts on Stats investments abroad Net capital account Direct investment abroad Portfolio investment liabilities Other investments (net) 22 49 -1 -67 41 -12 -13 Income Payments on foreign investments in Statsylvania Direct investment in Statsylvania 33 Portfolio investment assets -75 3. Reserves, etc. Exports (goods) 105 Current transfers -5 Imports (services) -66 1. What is Statsylvania's service trade balance? 2. What is their income balance? 3. What is their current account balance? 4. What is their balance of trade (BOT)? 5. What is the net direct investment in Statsylvania? 6. What is the net portfolio investment position? 7. What is the country's financial and capital account position?
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Exports
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education