Identify the correct statement. a. In 2008, the United States recorded a trade deficit of $750...
Identify the correct statement.
a. In 2008, the United States recorded a trade deficit of $750 billion.
b. In 2008, the United States recorded a service surplus of over $144 billion.
c. In 2008, there was a recorded investment income deficit of over $118 billion in the United States.
d. In 2008, the United States recorded a goods and services trade surplus of over $695 billion.
e. In 2008, the United States recorded a financial account deficit of over $533 billion.
Homework Answers
Correct statement: In 2008, the United States recorded a service surplus of over $144 billion.
So, the correct answer is an option (b).
Add Answer to:
Identify the correct statement.
a. In 2008, the United States recorded a trade deficit of $750...
The following table shows a hypothetical balance-of-payments statement for the United States. All figures are in...
The following table shows a hypothetical balance-of-payments statement for the United States. All figures are in billions of dollars. Complete the table by filling in the missing cells. Balance of Payments (Billions of U.S. dollars) Current Account Goods and Services Exports 200 Goods and Services Imports -182 Trade Balance Income (net) -10 Current Account Balance Capital Account U.S. Capital Inflow 80 U.S. Capital Outflow -60 Capital Account...
Which of the following would result in a trade surplus for the United States? a. Exports...
Which of the following would result in a trade surplus for the United States? a. Exports of goods = $725 billion Imports of goods = $790 billion Exports of services = $350 billion Imports of services = $260 billion b. Exports of goods = $625 billion Imports of goods = $625 billion Exports of services = $300 billion Imports of services = $375 billion c. Exports of goods = $550 billion Imports of goods = $575 billion Exports of services...
Suppose the United States initially has a trade deficit. Then U.S. firms increase their imports from...
Suppose the United States initially has a trade deficit. Then U.S. firms increase their imports from Canada, financing that increase by borrowing from Canada. The current account deficit is now and the capital and financial account surplus is now Select one: a. larger; larger b. smaller; larger M c. smaller; smaller Fins d. larger; smaller 1 Next page Mohammed Smart University. All rights reserved.
Weak Dollar Helps Shrink Trade Deficit Price level (GDP deflator, 2009=100) 1407 SAS The United States...
Weak Dollar Helps Shrink Trade Deficit Price level (GDP deflator, 2009=100) 1407 SAS The United States trade deficit narrowed in May as exports climbed to records. Exports of American-made goods and services totaled $157.6 billion in May, a 0.9 percent increase from April. The declining value of the dollar relative to other currencies, especially the euro, is helping to make American exports cheaper and more attractive to foreign buyers. Growth in exports has been one of the few bright spots...
6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B)...
6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B) positive when the nation runs a trade surplus. (C) negative when the country is a borrower in the international apital market. (D) positive when the country is a lender in the international capital market. (E) always equal to zero. 7. If the U.S. dollar increases in value relative to the British pound, (A) U.S. wheat will become cheaper in England. (3) British bicycles will...
Foreign investment in the United States and U.S. investment abroad are recorded in _____. A. the...
Foreign investment in the United States and U.S. investment
abroad are recorded in _____.
A. the financial account
B. the capital account
C. the current account
D. the statistical discrepancy
E. they are not recorded in a balance of payment account
**TWO PARTS TOTAL**
When the exchange rate rises, the demand curve for foreign exchange shifts and the supply curve of foreign exchange shifts A. rightward; leftward B. leftward; leftward C. rightward; rightward D. leftward; rightward E. None of the...
19, which of the following statements is (are) correct? (x) A nation with a large trade...
19, which of the following statements is (are) correct? (x) A nation with a large trade surplus must have large and positive net capital outflow (y) A nation with a large trade deficit must have large and negative net capital outflow (z) A nation with a small trade deficit must have a slightly larger amount of exports than imports and slightly more capital outflow than capital inflow. A. (x), (y) and (z) B. (x) and (y) only C. (x) and...
Measuring Global Trade Most nations cannot produce all the products its people want and need. Even...
Measuring Global Trade
Most nations cannot produce all the products its people want and
need. Even if a country did become self-sufficient, other nations
would seek to trade with it to meet the needs of their own people.
Examine the chart containing trade figures from various countries
and determine the balance of trade.
Global trade enables a nation to produce what it is most capable of
producing and buy what it needs from others in a mutually
beneficial exchange relationship....
Balance of Payments (Billions of s) Current Accounts Canadian merchandise exports Canadian mercha...
Balance of Payments (Billions of s) Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance +65 -96 +55 +10 Financial Accounts Change in Canadian-owned assets abroad Change in foreign-owned assets in Canadian Financial account balance -16 +45 Statistical discrepancy Trade balance 0 Suppose a Canadian citizen gives money to her nephew in Belgium. This would...
Alpha’s balance-of-payments data for 2016 are shown below. All figures are in billions of dollars. Category...
Alpha’s balance-of-payments data for 2016 are shown below. All figures are in billions of dollars. Category Value Goods exports $+ 50 Goods imports – 35 Service exports + 25 Service imports – 10 Net investment income – 5 Net transfers + 10 Balance on capital account 0 Foreign purchases of Alpha assets + 25 Alpha purchases of assets abroad – 60 Instructions: Input all amounts as positive values. a. What is the balance on goods? b. What is the...
Suppose the United States initially has a trade deficit. Then U.S. firms increase their imports from Canada, financing that increase by borrowing from Canada. The current account deficit is now and the capital and financial account surplus is now Select one: a. larger; larger b. smaller; larger M c. smaller; smaller Fins d. larger; smaller 1 Next page Mohammed Smart University. All rights reserved.
Weak Dollar Helps Shrink Trade Deficit Price level (GDP deflator, 2009=100) 1407 SAS The United States trade deficit narrowed in May as exports climbed to records. Exports of American-made goods and services totaled $157.6 billion in May, a 0.9 percent increase from April. The declining value of the dollar relative to other currencies, especially the euro, is helping to make American exports cheaper and more attractive to foreign buyers. Growth in exports has been one of the few bright spots...
6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B) positive when the nation runs a trade surplus. (C) negative when the country is a borrower in the international apital market. (D) positive when the country is a lender in the international capital market. (E) always equal to zero. 7. If the U.S. dollar increases in value relative to the British pound, (A) U.S. wheat will become cheaper in England. (3) British bicycles will...
Foreign investment in the United States and U.S. investment
abroad are recorded in _____.
A. the financial account
B. the capital account
C. the current account
D. the statistical discrepancy
E. they are not recorded in a balance of payment account
**TWO PARTS TOTAL**
When the exchange rate rises, the demand curve for foreign exchange shifts and the supply curve of foreign exchange shifts A. rightward; leftward B. leftward; leftward C. rightward; rightward D. leftward; rightward E. None of the...
Measuring Global Trade
Most nations cannot produce all the products its people want and
need. Even if a country did become self-sufficient, other nations
would seek to trade with it to meet the needs of their own people.
Examine the chart containing trade figures from various countries
and determine the balance of trade.
Global trade enables a nation to produce what it is most capable of
producing and buy what it needs from others in a mutually
beneficial exchange relationship....
Balance of Payments (Billions of s) Current Accounts Canadian merchandise exports Canadian merchandise imports Merchandise trade balance Canadian service exports Canadian service imports Services balance Goods and services balance Net investment income from abroad Net unilateral transfers Current account balance +65 -96 +55 +10 Financial Accounts Change in Canadian-owned assets abroad Change in foreign-owned assets in Canadian Financial account balance -16 +45 Statistical discrepancy Trade balance 0 Suppose a Canadian citizen gives money to her nephew in Belgium. This would...
Most questions answered within 3 hours.
-
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 1 minute ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 34 minutes ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 2 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 2 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 2 hours ago -
75 g of 2-propanol (C3H8O) and 25 g of pentane are mixed in a
200 mL...
asked 2 hours ago -
The 2800-turn coil in a dc motor has an area per turn of 1.1 ×
10-2...
asked 2 hours ago -
Draw a combinational logic circuit diagram with a symbol inside
the box for two I/P of...
asked 2 hours ago -
The cliché we use quite a lot in finance is: there is a need to
maximize...
asked 2 hours ago -
In class we discussed the addition of HCl to alpha pinene. Would
you expect one or...
asked 2 hours ago -
I'm trying to explain to my daughter to help her please help
me
I tagged the...
asked 2 hours ago -
You want to accumulate $28,000 in 10 years using annual
payments, the first one in a...
asked 3 hours ago