1. Current, financial, and capital accounts Consider the following table showing

Question

1. Current, financial, and capital accounts Consider the following table showing hypothetical balance-of-payments data for the United States. Complete the following table by selecting the correct value for each missing entry. Balance of Payments (Billions of dollars) Current Accounts U.S. merchandise exports U.S. merchandise imports Merchandise trade balance U.S. service exports U.S. service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers +55 +70 +35 +13 -2 -8 Current account balance Capital Accounts Change in U.S.-owned assets abroad -40 Change in foreign-owner assets in the U.S. Capital account balance Statistical discrepancy Trade balance +42 -5

Explanation / Answer

1Debit item under 2 unilateral transfers

3 Trade surplus

4 Surplus inpayment(you have not highlighted the options mentioned here. Here many words can be entered. If you do not find this option in question then please send this question with options mentioned

5.Because the current account is in surplus. All of these transactions are recorded in current account. The balance of payment is always in balance

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