Based on the following information, what is the balance on the financial account?
Exports of goods and services = $5 billion
Imports of goods and services = $3 billion
Net income on investments = -$2 billion
Net transfers = -$2 billion
Increase in foreign holdings of assets in the United States = $4 billion
Increase in U.S. holdings of assets in foreign countries = -$1 billion
A) $3 billion B) $2 billion C) $1 billion D) -$1 billion
A
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Which of the following is an example of a "damaged goods" strategy
a. A supermarket offers free parking space but charges higher for groceries b. A television reseller spends time making sure that the picture quality of the bargain priced sets is fuzzy c. A gift store hikes up the prices on gift wrapping services during its seasonal sale d. All of the above
How much is the output gap if short-run output is $20.0 trillion and potential output is $20.0 trillion?
What will be an ideal response?