Question

Consider the following information:

Imports	$246.5
Net income from foreign investments	74.2
Foreign investments in U.S.	6.4
Government spending abroad	4.8
Exports	174.5
U.S. investments abroad	28.1
Foreign securities bought by U.S.	5.1
U.S. securities bought by foreigners	3.5
Purchase of short-term foreign securities	7.0
Foreign purchases of U.S. short-term securities	9.3

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.

Answer 1

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