Shown is the capital account for 2018 for the fictional country of Balancia. Given these entries,what can we assume about the current account for the same year?Capital account (millions of U.S. dollars)Balancia-owned assets abroadForeign-owned assets in BalanciaNet financial derivativesStatistical discrepancyClick or tap a choice to answer the question.The current account will show a deficit of$53,000 million.The current and capital accounts moveindependently of one another.-$50,000$100,000$4,000-$1,000$53,000The current account will show a surplus of$53,000 million.The current account will show a surplus ofless than $53,000 million.The current account will show a deficit ofmore than $53,000 million.

BOP is a record of a nation's transactions with the rest of the world. Foreign transactions are…

Shown is the capital account for 2018 for the fictional country of Balancia. Given these entries, what can we assume about the current account for the same year? Capital account (millions of U.S. dollars) Balancia-owned assets abroad Foreign-owned assets in Balancia Net financial derivatives Statistical discrepancy The current account will show a deficit of $53,000 million. Click or tap a choice to answer the question. The current and capital accounts move independently of one another. -$50,000 $100,000 The current account will show a surplus of $53,000 million. $4,000 -$1,000 $53,000 The current account will show a surplus of less than $53,000 million. The current account will show a deficit of more than $53,000 million.

Shown is the capital account for 2018 for the fictional country of Balancia. Given these entries, what can we assume about the current account for the same year? Capital account (millions of U.S. dollars) Balancia-owned assets abroad Foreign-owned assets in Balancia Net financial derivatives Statistical discrepancy The current account will show a deficit of $53,000 million. Click or tap a choice to answer the question. The current and capital accounts move independently of one another. -$50,000 $100,000 The current account will show a surplus of $53,000 million. $4,000 -$1,000 $53,000 The current account will show a surplus of less than $53,000 million. The current account will show a deficit of more than $53,000 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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