ECN 325 Fall 2017 3. A Macro-view of the Balance of Payments: Use the following
ID: 1122029 • Letter: E
Question
ECN 325 Fall 2017 3. A Macro-view of the Balance of Payments: Use the following to table to answer the questions below Line Accounts Amount Account s of and 1500 25 250 300 50 1100 500 200 125 75 B Transfers made to foreigners C Investrnent Income Received from US, investment abroad D Investment Income Paid abroad on foreign investment in the U.S E Transfers received from abroad FExports of goods and services G U.S. investment liabilities bought by foreigners H U.S. investment liabilities sold by foreigners 1 Foreign investment purchased by U.S. residents JForeign investments sold by U.S. residents K Net Financial Derivatives other than reserves L | Capital transfer receipts and other credits MCapital transfer payments and other debits 10 Determine whether each category belongs in the current account (CA), Financial Account (FA), or Capital Account (KA) by writing the initial next to each category in the table. a. b. Use the data of categories to complete the table below, making sure to calculate the balance for the current account (CA), Financial Account (FA), Capital Account (KA), and statistical discrepancy. 1 Exports of goods and services and income receipts (credits) 31 Imports of goods and services and income payments (debits) Capital transfer recepts and other credits 59 60 Capital transfer payments and other debits Financial account (FA) Net U.S. acquisition of financial assets excluding financial derivatives (net 61 increase in assets/ financial outflow() Net U.S. incurrence of liabilities excluding financial derivatives (net increase in liabilities /financial inflow (t)) 84 99 Financial derivatives other than reserves, net transactions 13 Statistical discrepancy 100 Statistical discrepancy A 101 Current account (CA) 107 Capital account (KA) 108 Financial account (FA) 109 Balance-No Statistical Discrepancy 110 Balance-Statistical DiscrepancyExplanation / Answer
A CA F CA K FA 1 1100
B FA G KA L KA 31 1500
C FA H KA M KA 59 10
D FA I FA 60 5
E FA J FA
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