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1. Considering the following information about a country's international transactions during a year: $500 300 200 100 Merchandise exports Merchandise imports Service exports Service imports

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1. Considering the following information about a country's international transactions during a year: $500 300 200 100 Merchandise exports Merchandise imports Service exports Service imports Income flows, net Unilateral transfers, net Increase in the country's holding of foreign assets, net (excluding official reserve assets) Increase in foreign holdings of the country's assets, net (excluding official reserve assets) Statistical discrepancy, net 30 -80 200 100 10 (1) Calculate the values of the country's goods and services balance, current account balance, and official settlements balance. (2) What is the value of the change in official reserve assets (net)? Is the country increasing or decreasing its net holdings of official reserve assets

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