Figure The U.s. Balance of Payments, 1998 in Billions of U.s. Dollars Current Account Exports 931 Imports 1100 Trade balance(deficit=(1) 169 Investment income received 242 Investment income paid 265 Net investment income(2) -23 Net transfers received(3) Current account balance( deficit=-)(1)(2)+ ( 3) 233 Capital Account Increase in foreign holdings of U.sassets 542 Increase in U.s. holdings of foreign assets 305 Net increase in foreign holdings(net capital flows to the u.s. 237 Statistical discrepancy 4Figure The U.S. Balance of Payments,1998,in Billions of U.S. Dollars Current Account Exports 931 Imports 1100 Trade balance(deficit= -) (1) -169 Investment income received 242 Investment income paid 265 Net investment income (2) -23 Net transfers received (3) -41 Current account balance (deficit = -) (1)+(2)+(3) -233 Capital Account Increase in foreign holdings of U.S. assets 542 Increase in U.S. holdings of foreign assets 305 Net increase in foreign holdings/(net capital flows to the U.S. 237 Statistical discrepancy 4