Question

The following table lists balance of payment current accounts for Country A. Current Accounts 1. Exports of goods, services, and income $172,578 2. Goods, adjusted, excluding military $96,743 3. Services 48,889 4. Income receipts on U.S. assets abroad 33,921 5. Imports of goods, services, and income −152,536 6. Goods, adjusted, excluding military −85,707 7. Services −33,289 8. Income payments on foreign assets in the United States −36,740 9. Unilateral transfers, net −9,581

a.	What is Country A’s total current accounts?

Total current accounts

$

b.	What is Country A’s balance on goods?

Balance on goods

$

c.	What is Country A’s balance on services?

Balance on services

$

d.	What is Country A’s balance on investment income? (Negative amount should be indicated by a minus sign.)

Balance on investment income

$

Answer 1

a.
Particulars	Amount
1. Exports of goods, services, and income	$172,578
2. Goods, adjusted, excluding military	$96,743
3. Services	$48,889
4. Income receipts on U.S. assets abroad	$33,921
5. Imports of goods, services, and income	($152,536)
6. Goods, adjusted, excluding military	($85,707)
7. Services	($33,289)
8. Income payments on foreign assets in the United States	($36,740)
9. Unilateral transfers, net	($9,581)
Country A's total current accounts	$34,278
b.
Particulars	Amount
1. Exports of goods, services, and income	$172,578
2. Goods, adjusted, excluding military	$96,743
5. Imports of goods, services, and income	($152,536)
6. Goods, adjusted, excluding military	($85,707)
Country A's balance on goods	$31,078
c.
Particulars	Amount
3. Services	$48,889
7. Services	($33,289)
Country A's balance on services	$15,600
d.
Particulars	Amount
4. Income receipts on U.S. assets abroad	$33,921
8. Income payments on foreign assets in the United States	($36,740)
Country A's balance on investment income	($2,819)