Account(millions of US dollars) A. Current Account Balance on goods Balance on services Balance on income Balance on current transfers B. Capital Account C. Financial Account Direct investment abroad Direct investment in the U.S. Portfolio investment assets, net Portfolio investment liabilities, net Balance on other investment assets and liabilities, net D. Net Errors and Omissions E. Reserves and Related Items 2005 2006 -782805 -837289 -821197 -832492 -509695 -98822 -88347 68558 75573 115821 123765 125920 61925 67632 43338 100604 146147 123584 13116 -1788 384 2007 832038 73668 138329 294289 340066 31597 296059 532940 -81,686 -124062 -120602 2008 -14095 -2374 -634 ? The balance of the current account (BCA) in 2007 was $ 267291 493366 380806 -284268 375884 6010 179922 34197 -63236 122 2009 million. 332734 1126735 1156613 523683 357352 351724 313726 -141 ? 4848 153788 357178 149970 52256

Account(millions of US dollars) A. Current Account Balance on goods Balance on services Balance on income Balance on current transfers B. Capital Account C. Financial Account Direct investment abroad Direct investment in the U.S. Portfolio investment assets, net Portfolio investment liabilities, net Balance on other investment assets and liabilities, net D. Net Errors and Omissions E. Reserves and Related Items 2005 2006 -782805 -837289 -821197 -832492 -509695 -98822 -88347 68558 75573 115821 123765 125920 61925 67632 43338 100604 146147 123584 13116 -1788 384 2007 832038 73668 138329 294289 340066 31597 296059 532940 -81,686 -124062 -120602 2008 -14095 -2374 -634 ? The balance of the current account (BCA) in 2007 was $ 267291 493366 380806 -284268 375884 6010 179922 34197 -63236 122 2009 million. 332734 1126735 1156613 523683 357352 351724 313726 -141 ? 4848 153788 357178 149970 52256

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter29: Exchange Rates And International Capital Flows

Section: Chapter Questions

Problem 6SCQ: A booming economy can attract financial capital inflows, which promote further growth. However,...

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