Refer to Table 18-1. Use the information in the table to prepare ...

[drink]

Refer to Table 18-1. Use the information in the table to prepare a balance of payments account and find the value of the statistical discrepancy. Assume that the balance on the capital account is zero.
 
  What will be an ideal response?

Question 2

The natural rate of unemployment is fixed and unchanging.
 
  Indicate whether the statement is true or false

[katara]

Answer to Question 1

CURRENT ACCOUNT
Exports of goods 925
Imports of goods -1,211
Balance of trade -286
Exports of services 623
Imports of services -456
Balance of services 167
Income received on investments 502
Income payments on investments -444
Net income on investments 58
Net transfers -77
Balance on current account -138
FINANCIAL ACCOUNT
Increase in foreign holdings of assets in the United States
2,560
Increase in U.S. holdings of assets in foreign countries
-2,478
Balance on financial account 82
BALANCE ON CAPITAL ACCOUNT 0
Statistical discrepancy 56
Balance of payments 0

Answer to Question 2

FALSE