202 Homework #4 Current Account Data
- Due Jan 31, 2021 by 11:59pm
- Points 50
- Submitting a text entry box or a file upload
- Attempts 0
- Allowed Attempts 2
- Available Jan 5, 2021 at 12am - Mar 18, 2021 at 11:59pm
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The US Bureau of Economic Analysis (BEA) maintains data on international transactions between the US and other countries. Periodic news releases are issued and are available at the BEA website. International transactions are fairly complex, so this homework deals only with the Current Account.
Go to the Bureau of Economic Analysis Links to an external site..
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- Look in the blue header under “News” and click on “News Releases.”
- Click on “US International Transactions, Third Quarter 2020.”
- Answer the following questions based on the information in the News Release. (Note that the data in the News Release is in billions of dollars)
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What was the US Current Account Deficit in third quarter, 2020?________________________
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The third quarter deficit is___________% of current third quarter GDP.
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What was the value of exports of goods for 3rd quarter, 2020? ________________________
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What was the value of imports of goods for 3rd quarter, 2020? ________________________
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What was the value of exports of services for 3rd quarter, 2020? ________________________
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What was the value of imports of services for 3rd quarter, 2020? ________________________
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What was the value for receipts of primary income?
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What was the value for payments of primary income?
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What was the value of receipts of secondary income? (Note: Your textbook refers to this item as “unilateral transfers.”)
________________________ -
Complete the table below for the US Current Account for 3rd quarter, 2020
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Current Account |
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Goods Balance |
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Services Balance |
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Primary Income Balance |
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Secondary Income Balance |
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