Question

Table 10.1 gives hypothetical figures for U.S. International Transactions. Table 10.1. U.S. International Transactions Amount Transaction (billions of dollars) Merchandise imports 110 Military transactions, net -5 Remittances, pensions, transfers -20 U.S. private assets abroad -50 Merchandise exports 115 Investment income, net 15 U.S. government grants -5 (excluding military) Foreign private assets in the U.S. 25 Compensation of employees -5 Allocation of SDRs 5 Travel and transportation receipts, net 20 8. Referring to Table 10.1, the goods and services balance equals: a. $5 billion b. $15 billion c. $20 billion d. $25 billion ANSWER: c POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BPROG: Reflective Thinking - BPROG: Analysis STATE STANDARDS: United States - PA - DISC: International trade and fi - DISC: International trade and finance TOPICS: Balance-of-Payments Structure KEYWORDS: BLOOM'S: Comprehension 9. Referring to Table 10.1, the current account balance equals: a. $5 billion b. $10 billion c. $15 billion d. $20 billion ANSWER: a POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BPROG: Reflective Thinking - BPROG: Analysis STATE STANDARDS: United States - PA - DISC: International trade and fi - DISC: International trade and finance TOPICS: Balance-of-Payments Structure KEYWORDS: BLOOM'S: Comprehension 10. Unlike the balance of payments, the balance of international indebtedness indicates the international: a. Investment position of a country at a given moment in time b. Investment position of a country over a one-year period c. Trade position of a country at a given moment in time d. Trade position of a country over a one-year period ANSWER: a POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BPROG: Reflective Thinking - BPROG: Analysis STATE STANDARDS: United States - PA - DISC: International trade and fi - DISC: International trade and finance TOPICS: Balance of International Indebtedness KEYWORDS: BLOOM'S: Comprehension would anybody give detail explanation for these qestion?

Answer 1