Illustrate what is the capital account balance

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Reference no: EM1348530

Use the following information to answer the questions below. Assume that the capital account is equal to zero.

Net unilateral transfers 150

Exports of goods and services 7500

Net increase in United States government's nonreserve foreign assists -130

Net increase in foreign ownership of United States based nonreserve assets 550

Net increase in U.S. private assets abroad 1250

Invest income received in the U.S. 510

Net increase in U.S. ownership of official reserve assets 110

Imports of goods and services 6500

Net increase in foreign ownership of U.S.-based reserve assets 100

Investment income paid abroad by the U.S. 800

(a) Illustrate what is the current account balance?

(b) Illustrate what is the capital account balance?

(b) Does the capital account equal the current account?

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Reference no: EM1348530

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