The United States’ total international transactions with other countries in 2005 were: U.S. balance on current account: - $748.7 billion Financial inflows : + $1295.2 billion Financial outflows : - $532.6 billion Was the current account in surplus or deficit? Was the capital account in surplus or deficit? Was the overall BOP in surplus or deficit?

The United States’ total international transactions with other countries in 2005 were: U.S. balance on current account: - $748.7 billion Financial inflows : + $1295.2 billion Financial outflows : - $532.6 billion Was the current account in surplus or deficit? Was the capital account in surplus or deficit? Was the overall BOP in surplus or deficit?

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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