10 Questions
What was the net inflow of cash for the Costas from their new loan?
$19,500
In the context of the Costas' financial year, what was the net inflow of cash from sales and purchases of goods and services?
$-10,000
What does Row 1 of Table 41.2 in the context of the U.S. balance of payments accounts represent?
Payments from foreigners to the United States
What is the net inflow of cash for the United States as a whole according to Table 41.2?
Equal to the sum of cash coming in from all sources
What does the last row in the balance of payments accounts represent?
Sum of cash coming in from all sources
What do economists use to keep track of international transactions?
Balance of payments accounts
What kind of items did residents of the United States sell to residents of other countries in 2008?
Bonds, wheat, and airplanes
What is the total value of the stuff sold by people living in the United States to people living in other countries in 2008?
$3.5 trillion
In which state did the Costas own a small artichoke farm?
California
What is a summary of a country’s transactions with other countries?
Balance of payments accounts
Test your knowledge of capital flows and the balance of payments with this quiz. Explore the exchange of goods and services between the United States and other countries in 2008, including various items sold and bought by residents.
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