don't provide handwritten solution. (U.S. Balance of Payments,6pts) Listed below is U.S.'s BOP for the years from 2005 to2009.Account(millions of USdollars)A. Current AccountBalance on goodsBalance on servicesBalance on incomeBalance on current transfersB. Capital AccountC. Financial AccountabroadDirect investmentDirect investment in the U.S.Portfolio investment assets, netPortfolio investment liabilities, net2005 2006 2007 2008 2009-782805 -837289 -821197 -832492 -509695.68558 7557367632 43338-98822 -88347115821 123765 125920100604 146147 123584-88,390 -124062 -12060213116 -1788 3846010 -14161925 296059 532940 351724 313726138329 294289 340066 332734 153788267291 493366 380806 -284268 375884832038 1126735 1156613 523683 357352 B. Capital AccountC. Financial AccountDirect investmentabroadDirect investment in the U.S.Portfolio investment assets, netPortfolio investment liabilities, netBalance on other investment assets andliabilities, netD. Net Errors andOmissionsE. Reserves and RelatedItems13116 -178861925 296059 53294013832926729183203873668294289384493366 38080631597 -634-14095 -2374The balance of the current account (BCA) in 2007 was $1126735 1156613 5236836010340066 332734 153788179922 34197 -63236?122351724 313726million.-284268 375884-141?484835735235717814997052256

The balance of payment shows the systematic record of all the economic transactions in an accounting…

Answered: The balance of the current account…

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The balance of the current account (BCA) in 2007 was $ million.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 44P: Imagine that the U.S. economy finds itself in the following situation: a government budget deficit...

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Question

don't provide handwritten solution.

(U.S. Balance of Payments,6pts) Listed below is U.S.'s BOP for the years from 2005 to
2009.
Account(millions of US
dollars)
A. Current Account
Balance on goods
Balance on services
Balance on income
Balance on current transfers
B. Capital Account
C. Financial Account
abroad
Direct investment
Direct investment in the U.S.
Portfolio investment assets, net
Portfolio investment liabilities, net
2005 2006 2007 2008 2009
-782805 -837289 -821197 -832492 -509695.
68558 75573
67632 43338
-98822 -88347
115821 123765 125920
100604 146147 123584
-88,390 -124062 -120602
13116 -1788 384
6010 -141
61925 296059 532940 351724 313726
138329 294289 340066 332734 153788
267291 493366 380806 -284268 375884
832038 1126735 1156613 523683 357352

B. Capital Account
C. Financial Account
Direct investment
abroad
Direct investment in the U.S.
Portfolio investment assets, net
Portfolio investment liabilities, net
Balance on other investment assets and
liabilities, net
D. Net Errors and
Omissions
E. Reserves and Related
Items
13116 -1788
61925 296059 532940
138329
267291
832038
73668
294289
384
493366 380806
31597 -634
-14095 -2374
The balance of the current account (BCA) in 2007 was $
1126735 1156613 523683
6010
340066 332734 153788
179922 34197 -63236
?
122
351724 313726
million.
-284268 375884
-141
?
4848
357352
357178
149970
52256

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