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1 . Youre given the following information about a countrys international transactions during a year:Merchandise exports $ 4 0 0 millionsMerchandise imports - 2 2

1. Youre given the following information about a countrys international transactions during a year:Merchandise exports $400 millionsMerchandise imports -220Service exports 180Service imports -200Income flows, net 10Unilateral transfers, net -5Increase in the countrys holdings of foreign assets, net -200(excluding official reserve assets)Increase in foreign holdings of the countrys assets, net 100(excluding official reserve assets)Statistical discrepancy, net 6(a). calculate the values of goods and service balance, current account balance, and official settlements balance. (Treat statistical discrepancy as part of Financial account)(b). what is the value of the change in official reserve assets ?

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