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    Current Account

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    Balance on current account

    Given the following information, determine the balance on the United States' current account and capital accounts:

    Imports 211.5
    Net income from foreign investments 32.3
    Foreign investments in US 7.7
    Government spending abroad 4.6
    Exports 182.1
    US Investments abroad 24.7
    Foreign securities bought by the US 4.9
    US securities bought by the foreigners 2.8
    Purchase of short-term foreign securities 6.5
    Foreign purchase of US short-term securities 9.1

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    Solution Preview

    Current Account Balance:
    Exports: 182.10
    Net income from foreign investments: 7.7
    Total: 189.8(A)

    Imports: ...

    Solution Summary

    US Current and Capital Account