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The Balance of PaymentsExports of Goods and Services $10Imports of Goods and Services11Net Income on ...

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The Balance of PaymentsExports of Goods and Services $10Imports of Goods and Services11Net Income on ...

The Balance of Payments

Exports of Goods and Services	$10
Imports of Goods and Services	11
Net Income on Investments	1
Net Transfers	-3
Increase in Foreign Holdings of Assets in the United States	4
Increase in U.S. Holdings of Assets in Foreign Countries	3

All data in the table are in billions of U.S. dollars

Based on the data in the table, what is the balance on the current account?

▸ $26 billion

▸ -$1 billion

▸ $1 billion

▸ -$3 billion

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 25 times

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