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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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8

Transcribed Image Text:The U.S. economy records the transactions in the table.
(billions of
dollars)
Calculate the current account balance, the capital and financial account balance, the official settlements account balance, and exports of goods and services.
Item
Imports of goods and services
2,250
>>> Record a negative balance with a minus sign. Do not record a positive balance with a plus sign.
Interest paid to the rest of the world
700
Interest received from the rest of the
world
650
Increase in U.S. official reserves
10
The current account balance is billion dollars.
Government sector balance
200
2,000
2,100
Saving
The capital and financial account balance is
billion dollars.
Investment
Net transfers
The official settlements account balance
billion dollars.
Exports of goods and services are
billion dollars.
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