Business, 27.03.2020 01:52 Angelo1660

Use the following information to answer the questions below. Assume the capital account is equal to 0. Net unilateral transfers 250 Exports of goods and services 500 Net increase in United States government’s nonreserve foreign assets 30 Net increase in foreign ownership of United States based nonreserve assets 400 Net increase in U. S. private assets abroad 250 Invest income received in the U. S. 200 Net increase in U. S. ownership of official reserve assets 20 Imports of goods and services 600 Net increase in foreign ownership of U. S.-based reserve assets 100 Investment income paid abroad by the U. S. 300 (a) What is the current account balance? (b) What is the capital account balance? (c) What is the financial account balance?

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