Current account and capital accounts


Problem: Given the following information, determine the balance on the United States’ current account and capital accounts:

Imports                                                                 211.5
Net income from foreign investments                         32.3
Foreign investments in US                                          7.7
Government spending abroad                                    4.6
Exports                                                                 182.1
US Investments abroad                                            24.7
Foreign securities bought by the US                             4.9
US securities bought by the foreigners                        2.8
Purchase of short-term foreign securities                    6.5
Foreign purchase of US short-term securities              9.1

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Accounting Basics: Current account and capital accounts
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