The above gives some of the balance of payments accounts of the ...

[jon_i]

The above gives some of the balance of payments accounts of the United States in 2020.
 
  a) What is the current account balance?
  b) What is the capital account balance?
  c) What is the official settlements account balance?

Question 2

The inflation rate in Venezuela has increased between 2005 and 2010, rising from 14 percent per year to 31 percent per year. At the same time, the growth rate of real GDP fell from 10 percent per year to -2.6 percent per year.
 
  The quantity theory of money A) states that the inflation rate over the period would average 4 percent.
  B) predicts that the velocity of money will decrease over the period.
  C) states that the growth rate of money must have increased over the period.
  D) predicts that nominal GDP will decrease over the period.

[asware1]

Answer to Question 1

a) The current account balance is 200 billion.
b) The capital account balance is -220 billion.
c) The official settlements account balance is 20 billion.

Answer to Question 2

C

[jon_i]

TYSM

[lcapri7]

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