(Solution Download) If you go to the BEA website http www bea gov and look


If you go to the BEA website (http://www.bea.gov) and look at the Survey of Current Business for July 2010, the table on ?U.S. International Transactions,? you will find that in 2009, U.S. income receipts on its foreign assets were $585.2 billion (line 13), while the country?s payments on liabilities to foreigners were $456.0 billion (line 30). Yet we saw in this chapter that the United States is a substantial net debtor to foreigners. How, then, is it possible that the United States received more foreign asset income than it paid out?

 







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