【多选题】The exhibit below presents the 1997 balance of payments statistics for France, Germany, Japan, the United Kingdom, and the United States. EXHIBIT : 1997 Balance of Payments of Five Major Countries Bil...
A.
Since imports are greater than exports, the United Kingdom suffers from a negative trade balance at - $21 billion. This figure is somewhat offset by a $15 billion excess of exported services over imported services. Nonetheless, the balance of goods and services is negative at - $6 billion.
B.
Net income received is positive and it overshadows a negative amount of unrequited transfers (current transfers).
C.
The balance of all current transactions with foreigners is therefore positive at $7 billion.
D.
Both direct investments and portfolio investments are negative. Adjusted for net errors and omissions, the capital and financial account remains negative at - $11 billion.
E.
The balance of the current account and the capital and financial account causes a decrease in official reserves by - $4 billion, which shows as a negative official reserve account.
【多选题】The exhibit below presents the 1997 balance of payments statistics for France, Germany, Japan, the United Kingdom, and the United States. EXHIBIT : 1997 Balance of Payments of Five Major Countries Bil...
A.
At $284 billion, French exports of goods exceed imports by $28 billion.
B.
Direct investment is - $12 billion, showing that the amount of direct purchases of companies or real estate made by foreigners in France is inferior to the amount of direct purchases made by residents abroad.
C.
Adjusted for net errors and omissions, the capital and financial account remains negative at - $33 billion, reflecting the fact that French residents have invested more capital abroad than have been invested by foreigners in France.
D.
The balance of the current account and the capital and financial account causes an increase in official reserves by $6 billion, which shows as a positive official reserve account.
E.
Exports of services also exceed imports, by $17 billion.
【单选题】回答题: Facts about Stroke 1Every 45 seconds, someone in America has a stroke. Every 3.1 minutes, someone dies of one. Stroke killed an estimated 167,661 people in 2000 and is the nation&39;s third leadi...
【多选题】The exhibit below presents the 1997 balance of payments statistics for France, Germany, Japan, the United Kingdom, and the United States. EXHIBIT : 1997 Balance of Payments of Five Major Countries Bil...
A.
The United States has been running a very large current account deficit for many years, and the 1997 deficit reached $167 billion.
B.
A positive balance for services and net income received from abroad are far from compensating a huge deficit in the U.S. merchandise trade balance ($197 billion).
C.
The U.S. capital and financial account is in surplus ($168 billion), despite the fact that Americans have been net direct investors abroad (–$11 billion).
D.
The 1997 surplus in the U.S. capital and financial account is explained by the fact that foreigners are happy to make portfolio investments and lend money to the United States (portfolio investments of $308 billion).
E.
The surplus in the capital and financial account is not sufficient to cover the huge current account deficit.