Economics question, please help

Posted on 2013-11-21 13:15:00 in Economics by A LA LONDON

Consider the following set of transactions. An American firm sells $10 million of oil drilling equipment to a Canadian firm. The American firm uses a portion of the proceeds to buy $6 million of steel from a firm in Germany.

Holding everything else equal, what is the change in the net capital outflow (NCO) for the US in millions of dollars?

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