Problem Set 5-1
1. Use the information below from the 1997 US national income accounts to calculate the following. (Assume the balance on income and unilateral transfers was zero)
A. the current account balance
B. the merchandise trade balance
C. the service balance
D. the capital account balance
E. the government budget balance
(billions) | |
| Gross Domestic Product | |
| Exports of Goods and Services | $ 957 |
| Merchandise Exports | |
| Imports of Goods and Services | |
| Merchandise Imports | |
| Private Saving | |
| Investment | |
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Last Updated on 1/8/04