1) The Lukistan capital account balance equals __________ billions of dollars (i
ID: 1129147 • Letter: 1
Question
1) The Lukistan capital account balance equals __________ billions of dollars (include changes in official reserves as part of capital flows).
2)The sum of the balance of payments for Lukistan, including both the current account, the capital account, and the statistical discrepancy is:
Part One: Balance of Payments
This worksheet makes use of two tables of data. The first table, the Lukistan Balance of Payments data lists various components of the Balance of Payments as reported by government. Some of these items are detailed accounts and some are summary accounts of the other detailed accounts. Answer questions 1-5 using the Lukistan Balance of Payments data. As always, you should submit your answers in the Learning management system for your school (D2L at LCC).
($)
+ 440
+ 280
+ 40
+ 120
– 490
– 360
– 60
– 70
– 11
– 26
+ 80
– 14
+ 21
Lukistan Balance of Payments Components of the Balance of Payments($)
Exports of goods and services+ 440
Merchandise exports (including military sales)+ 280
Exports of services+ 40
Income Received from U.S. assets abroad+ 120
Imports of goods and services– 490
Merchandise imports (including military purchases)– 360
Imports of services– 60
Income Received from foreign assets in U.S.– 70
Net unilateral transfers abroad– 11
Outflow of U.S. capital– 26
Inflow of foreign capital+ 80
Increase in U.S. official reserve assets– 14
Increase in foreign official assets in U.S.+ 21
Explanation / Answer
The Lukistan capital account balance = Income Received from U.S. assets abroad + Inflow of foreign capital + Increase in foreign official assets in U.S - Income Received from foreign assets in U.S. - Net unilateral transfers abroad - Outflow of U.S. capital - Increase in U.S. official reserve assets
1) The Lukistan capital account balance equals 240+80+21-70-11-26-14= 100 billions of dollars (include changes in official reserves as part of capital flows).
2) The sum of the balance of payments for Lukistan, including both the current account, the capital account, and the statistical discrepancy is the sum of all above components of balance of paymet i:e 440+280+40+120-490-360-60-70-11-26+80-14+21 = -50.
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