Trade Balances Economics | Professional Law assignment writing service

Table 12.4 U.S. International Transactions, 2006 ($ billions)Current Account transactionsExports of Merchandise  $1,023.1Imports of Merchandise  −1,861.4Balance of Trade (Goods)  −838.3Exports of Services   422.6Imports of Services  −342.8Balance on Services  79.7Balance on Goods & Service  −758.5Income Receipts on U.S. Assets Abroad  650.5Income Payments of Foreign Assets in the U.S.  −613.8Balance on Investment Income  −36.6Balance on Goods, Services, and Income  −721.9Unilateral Transfers, Net  −89.6Balance on Current Account  −811.5Capital Account transactions, net   −3.9Financial Account Transactions  −1,055.2Change in U.S. Owned Assets AbroadU.S. Official Reserve Assets  2.4U.S. Government Assets, Other than Official Reserve  5.3U.S. Private Assets  −1,062.9Change in Foreign Owned Assets in the U.S.  1,859.6Foreign Official Assets  440.3Foreign Private Assets  1,419.3Balance on Financial Account  804.4Statistical Discrepancy  −17.8Table 12.4 provides U.S. International Transactions for 2006.  The accounts are in balance in total even though there is a substantial deficit in the current account.  What does a deficit in the current account represent?  What accounts offset the deficit in the current account to bring the accounts into balance in total?  What do these accounts represent?  How does your explanation help you to interpret Figure 12.4?Your 200 word answer should focus on selecting and organizing your most relevant comments in a coherent fashion.The post Trade Balances Economics first appeared on https://nursingwritinghelp.org.Trade Balances Economics was first posted on October 18, 2020 at 7:40 am.©2019 “Submit Your Assignment”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at support@nursingwritinghelp.org  “Are you looking for this answer? We can Help click Order Now”

 

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