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-The Above Gives Some of the Balance of Payments Accounts

Question 443

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 Item  Amount  (billions of dollars)  Imports of goods and  services 1,400 Exports of goods and  services 1,600 Net interest 0 Net transfers 0 Foreign investment in  the United States 480 US.investment  abroad 700\begin{array}{|l|l|}\hline \text { Item } & \begin{array}{l}\text { Amount } \\\text { (billions of dollars) }\end{array} \\\hline \begin{array}{l}\text { Imports of goods and } \\\text { services }\end{array} & 1,400 \\\hline \begin{array}{l}\text { Exports of goods and } \\\text { services }\end{array} & 1,600 \\\hline \text { Net interest } & 0 \\\hline \text { Net transfers } & 0 \\\hline \begin{array}{l}\text { Foreign investment in } \\\text { the United States }\end{array} & 480 \\\hline \begin{array}{l}\text { US.investment } \\\text { abroad }\end{array} & 700 \\\hline\end{array}
-The above gives some of the balance of payments accounts of the United States in 2020.
a) What is the current account balance?
b) What is the capital account balance?
c) What is the official settlements account balance?

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a) The current account balance...

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