The balance on the financial account summarizes transactions in: accounting services provided by the big-eight...
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The balance on the financial account summarizes transactions in: accounting services provided by the big-eight accounting firms. goods, services, and bartered items. government transfers of currency. real estate, stocks, bonds, investment, and any financial asset. Table: Hypothetical Canadian National Income and Product Accounts Data Category Billions of Dollars Consumption (personal consumption expenditures) 8,000 Investment (gross private domestic investment) 1,300 Government consumption (government expenditures) 2,100 Exports 900 Imports 1,750 NFIA +45 Net unilateral transfers +20 Based on the Current Account value, economists could say that: Canada is a net borrower Canada is a net lender Canada has a balance of payments deficit. Canada has a deficit in its asset accounts. National and International Accounts: Income, Wealth, and the Balance of Payments - End of Chapter Problem United States 2015 (Billions USD) GDP 18,238.3 Trade balance -491.3 Net factor income from abroad 185.4 Net unilateral transfers -101.5 Use the information above to compute the following in billions of USD (round to nearest 1 decimal): Gross national expenditure: b. Gross national income: c. Gross national disposable income
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