What is paid to U.S. inputs (capital) in foreign countries minus what is paid to foreign inputs (capital) in the U.S. is known as,      transfer payments   the current account   net factor payments   net exports

The difference between between exports and imports of goods/services forms the current account of the balance of payment, a positive net export (export greater than import) increases current account.  True or False?

If a country had exports of $100 billion and imports of $300 billion, they would be considered a net exporter or importer

You work for the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce. Your supervisor gives you the following U.S. International Transactions Accounts for the Year 20XX (figures are in billions of dollars) and wants it reported in a coherent fashion in accordance with accepted conventions: Investment income payments (27.3); Export of goods 80.6; Balance of services 5.1; Capital outflow (44.5); Imports of goods (110.9); Change in Official Reserves 2; Investment income receipts 24.7; Capital inflow 73.6; Net unilateral transfers (3.3). (a) He wants you to compute the balances of trade, current account, capital account and statistical discrepancy. (b) He also wants you to find out (based on your calculation) if the U.S. is a net debtor or a net creditor and  why