Business, 01.12.2021 01:00 FIRENINJA117

Suppose the following transactions take place: (1) A U. S. book publisher sells $20,000 of books to a Chinese firm. The firm pays for the books by using its Chinese-based credit card company.; (2) Vlad, a Russian citizen working in New York, earned $6,000 last year working at a factory owned by a U. S pany, and (3) BNP Paribas (a French bank) has just purchased 20% of outstanding stock in First Commercial Bank (U. S.) for $200,000 million from Warren Buffet (a U. S. citizen). Buffet takes the check and puts it in his U. S. bank account. Assuming we started with a trade deficit of zero. What will these transactions do to our trade deficit

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Suppose the following transactions take place: (1) A U. S. book publisher sells $20,000 of books to...

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