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Use the following information to answer the questions below. NUT                               &nbs

Use the following information to answer the questions below.

NUT                                                                                                                               250

Exports                                                                                                                          500

Net increase in foreign ownership of U.S.based nonreserve assets                  400

Net increase in U.S. government’s foreign assets                                                  30

Net increase in U.S. private assets                                                                            250

Investment income received in the U.S.                                                                  200

Net increase in U.S. ownership of official reserve assets                                       20

Imports                                                                                                                           600

Net increase in foreign ownership of U.S. reserve assets                                     100

Investment income paid abroad by the U.S.                                                           300

  1. What is the current account balance?
  2. Does the financial account equal the current account?
  3. What is the statistical discrepancy?

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Expert Solution

Rahul Sunny answered 7 months ago
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