Math The current accounts of the imaginary nation of Utopia for the past three years are given below in millions of dollars.

Year 1 Year 2 Year 3 Exports of goods $100 $120 $125 Imports of goods $175 $195 $205 Exports of services $80 $100 $150 Imports of services $40 $60 $80 Other income from abroad $30 $25 $40 Other payments abroad $50 $70 $70 Given the above information, answer the following questions:

Does Utopia have a deficit or surplus in its current account in Year 1, Year 2, and Year 3? Calculate the balance on merchandise trade for Year 1, Year 2, and Year