Political Science homework help

For each of the following transactions, indicate how it would be classified in the US balance of payments.A foreign company buys an American-made airplane.Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted2.An American family stays in a hotel in a European city.Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted3.A Canadian citizen crosses the border each day to work at a job in the United States.Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted4.An American citizen spends six months working in Dubai.Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted5.An Japanese auto company makes a profit from an assembly plant that it owns  in the United States…Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted6…. and uses those profits to pay for an expansion of the plant.Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted7.An American pharmaceutical company receives royalty payments for a drug it has a patent on from an Indian manufacturer.Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted8.A Chinese bank buys Treasury bonds from an American bank.Export of goodsExport of servicesImport of goodsImport of servicesIncome paidIncome receivedOutward direct investmentOutward portfolio investmentInward direct investmentInward portfolio investmentnot counted9.Which of the transactions in questions 1 through 8 are credit items for the United States? (Check all that apply.)12345678For this question, you will use the attached spreadsheet showing the US balance of payments for 2016. Based on the spreadsheet, check all the items that were true for the United States in 2016.All values are ion billions of dollars, but that doesn’t matter for the answers.Note: Answer the questions based on the spreadsheet only. The United States had a current account deficit.The United States had trade deficits both for goods and for services.Americans’ income from their investments in the rest of the world was greater than foreigners’ income from their investments in the US.Americans’ wage income from jobs in the rest of the world was greater than foreigners’ income from jobs in the US.American businesses increased their ownership of foreign businesses.Americans increased their holdings of foreign stocks and bonds.The Federal Reserve lost foreign exchange reserves over the course of the year.The US was a net borrower from the rest of the world.2.What was the US trade balance for 2016? If the US had a trade surplus, your answer will be a positive number. If the US had a deficit, it will be a negative number.3.What was the US current account balance in 2016?Again, a surplus will be a positive number, a deficit will be a negative number.4.Based on the table, what would you guess was the change in the US international investment position during 2016?use this for the question above———>ShootCurrent accountExports of goods and services and income receipts ( credits )3173Exports of goods and services2264Goods1511Service753Primary income receiptsInvestment income726Compensation of employeesSecondary income ( current transfer receipts125Imports of goods and services and income payments ( debuts3608Imports of goods and services27 64Goods2273Services492Pamary income payments602Investment incomeSHACompensation of employees18Secondary income ( current transfer paymentsRAFinancial accountNot US acquisition of financial assets194Direct investment assets319Portfolio investment assets160Other investment assets271Reserve assetsNot US Incurrence of hisbillies502Of ed Investment liabilities506Portfolio investment Inbuilding240Other investment liabilities31

 
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