how to cheat the system
USA BOP
2009: -381,638,000,000
2010: -449,477,000,000
2011: -457,729,000,000
2012: -440,423,000,000
The balance of payments is a statistical summary of international transactions. These transactions are defined as the transfer of ownership of something that has an economic value measurable in monetary terms from residents of one country to residents of another. The transfer may involve:
(1) goods, which consist of tangible and visible commodities or products,
(2) services, which consist of intangible commodities that are produced, transferred, and consumed at the same time,
(3) income (which is sometimes classified in “services”),
(4) financial claims on and liabilities to, the rest of the world, including changes in a country’s reserve assets held by the central monetary authorities.
The International Monetary Fund, which strives for international comparability, defines the balance of payments as: “A statistical statement for a given period showing:
(1) transactions in goods, services, and income between an economy and the rest of the world,
(2) changes of ownership and other changes in that economy’s monetary gold, special drawing rights (SDR’s), and claims on and liabilities to the rest of the world,
(3) unrequited transfers and counterpart entries that are needed to balance, in the accounting sense, any entries for the foregoing transactions and changes which are not mutually offsetting.”
Balance of payments estimates for the United States are prepared by the Bureau of Economic Analysis (BEA), U.S. Department of Commerce, on a quarterly basis.
A resident of USA must fulfil these two criterion:
(1) The person has a center of economic interest (i.e., consumes, produces, or otherwise participates in economic activities) in a given country, and
(2) resides, or expects to reside, for 1 year or more in that country.
The term “U.S. resident” is interpreted broadly to include:
(1) individuals residing permanently in the United States,
(2)
2009: -381,638,000,000
2010: -449,477,000,000
2011: -457,729,000,000
2012: -440,423,000,000
The balance of payments is a statistical summary of international transactions. These transactions are defined as the transfer of ownership of something that has an economic value measurable in monetary terms from residents of one country to residents of another. The transfer may involve:
(1) goods, which consist of tangible and visible commodities or products,
(2) services, which consist of intangible commodities that are produced, transferred, and consumed at the same time,
(3) income (which is sometimes classified in “services”),
(4) financial claims on and liabilities to, the rest of the world, including changes in a country’s reserve assets held by the central monetary authorities.
The International Monetary Fund, which strives for international comparability, defines the balance of payments as: “A statistical statement for a given period showing:
(1) transactions in goods, services, and income between an economy and the rest of the world,
(2) changes of ownership and other changes in that economy’s monetary gold, special drawing rights (SDR’s), and claims on and liabilities to the rest of the world,
(3) unrequited transfers and counterpart entries that are needed to balance, in the accounting sense, any entries for the foregoing transactions and changes which are not mutually offsetting.”
Balance of payments estimates for the United States are prepared by the Bureau of Economic Analysis (BEA), U.S. Department of Commerce, on a quarterly basis.
A resident of USA must fulfil these two criterion:
(1) The person has a center of economic interest (i.e., consumes, produces, or otherwise participates in economic activities) in a given country, and
(2) resides, or expects to reside, for 1 year or more in that country.
The term “U.S. resident” is interpreted broadly to include:
(1) individuals residing permanently in the United States,
(2)