mics This Question: 2 pts 1 of 25 (0 complete This Test: 50 pts possible Suppose

Question

mics This Question: 2 pts 1 of 25 (0 complete This Test: 50 pts possible Suppose that during a recent year for the United States, the current account balange was -S0.3 trilion, and the net acquisitions of financial assets by US residents and government entities was $0.3 trillion. The balance on the financial account during the year was tillion. (Enter your response rounded to one decimal place) The net incurrence of financial liabilities by U S residents and government entities during the year was s trilion. (Enter your response rounded to one decimal place and include a minus sign if necessary)

Explanation / Answer

Suppose that during recent year for US, the current account balance was “-0.3trillion”, and the net acquisition of financial assets by US residents and govt. was “+0.3trillion”.

The balance on the financial account during the year was “+0.3“trillion.

The net incurrence of financial liability by US residents and govt. entities during the year was “+0.3“trillion. Here "net acquisition of financial assets" = "balance on the financial account" = "net incurrence of financial liability", all are same.

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