Use the following information to answer the questions below. Assume that the capital account is equal to

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Use the following information to answer the questions below. Assume that the capital account is equal to 1,000.Exports of goods and services Primary income received Secondary income received Imports of goods and services

a. Is there a surplus or a deficit in the trade balance?

b. What is the current account balance?

c. Does the financial account balance equal the current plus capital account balance?

d. What is the statistical discrepancy?

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International Economics

ISBN: 9781292433998

8th Global Edition

Authors: James Gerber

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