For each pair of transaction below, indicate whether they would be recorded in t

Question

For each pair of transaction below, indicate whether they would be recorded in the current account or capital account in the U.S. Balance of Payments accounts. Write CURRENT, CAPITAL, or NOT RECORDED in the space provided below each transaction. U. S. produced computer is exported; foreign produced shoes are imported. U. S. citizen earns income from a job in a foreign nation; foreign citizen earns dividends on ownership of shares of stock in a U. S. company U. S. citizen buys shares of stock in a foreign company; foreign government buys U. S. Treasury securities U. S. citizen buys a vacation home in another country; foreign citizen buys an office building in the U. S.

Explanation / Answer

7A. Current account

7B. Current account

7C. Capital account

7D. Capital account

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