Macroeconomics

1.      Explain where the U.S. balance of payments an entry would be recorded for each of the following:

a.       A Hong Kong financier buys some U.S. corporate stock

b.      A U.S. tourist in Paris buys some perfume to take home.

c.       A Japanese company sells machinery to a pineapple company in Hawaii.

d.      U.S. farmers gave food to starving children in Ethiopia.

e.       The U.S. treasury sells a bond to a Saudi Arabian prince.

f.       A U.S. tourist flies to France on Air France.

g.      A U.S. company sells insurance to a foreign firm