Consider the following information: Imports $207.0 Net income from foreign investments 25.3 Foreign investments in U.S....
Consider the following information:
| Imports | $207.0 |
| Net income from foreign investments | 25.3 |
| Foreign investments in U.S. | 8.8 |
| Government spending abroad | 3.7 |
| Exports | 182.1 |
| U.S. investments abroad | 26.1 |
| Foreign securities bought by U.S. | 4.5 |
| U.S. securities bought by foreigners | 3.4 |
| Purchase of short-term foreign securities | 6.9 |
| Foreign purchases of U.S. short-term securities | 10.0 |
Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place.
Balance on current account: $
Balance on capital account: $
Homework Answers
Current Account = Export - Import + Net Income from foreign investment =182.1-207.0+25.3=$0.4
Capital account= Investment by US in foreign - Investment in US by foreigners
=(3.7+26.1+4.5+6.9)-(8.8+3.4+10)=41.2-22.2=$19
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Consider the following information:
Imports
$207.0
Net income from foreign investments
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