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Determine the balance on the US current account

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Reference no: EM133064112

Question - Consider the following information:

Imports $207.5

Net income from foreign investments 24.6

Foreign investments in U.S. 6.2

Government spending abroad 4.9

Exports 184.0

U.S. investments abroad 29.1

Foreign securities bought by U.S. 3.8

U.S. securities bought by foreigners 2.3

Purchase of short-term foreign securities 6.7

Foreign purchases of U.S. short-term securities 9.5

Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place.

Reference no: EM133064112

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