10. Study Question #10 Ch 10 The following table shows international transaction

Question

10. Study Question #10 Ch 10 The following table shows international transactions of the United States Travel and transportation receipts, net Merchandise imports Unilateral transfers, net Allocation of SDRs Receipts on U.S. investments abroad Statistical discrepancy Compensation of employees Changes in U.S. assets abroad, net Merchandise exports Other services, net Payments on foreign investments in the United States Value (Billions of dollars) 25 450 -20 15 20 40 -150 375 35 -10 Use the information in the prior table to calculate the U.S. merchandise trade, services, goods and services, income, unilateral transfers, and current account balances in the table that follows. (Hint: Write numbers in absolute values and then indicate in the last column whether each value is a surplus or deficit.)

Explanation / Answer

Hey there

Let me help you with this Balance of Payments question..

In this question, we have to calculate, Merchandise Trade, Serivces, Goods and Services, Income, unilateral transfers, current account balance etc.

Let us proceed one by one..

Place the information as stated below

Now let us begin with calculations:

I hope the above solution is clear to you now....do let me know in case of any concerns.

All the best !!

Travel and Transportatin receipts Net 25 Merchandise Import 450 Unilateral Transfers , Net -20 Allocation of SDRs 15 Receipts on US Investments Abroad 20 Statistical Discrepancy 40 Compensation of employees -5 Changes in US Assets abraod -150 Merchandise Export 375 Other Services Net 35 Payments on Foreign Investments in the US -10

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