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11. Consider the following table. It describes the balance of payment of Pancraziland. All the numbers are denominated in US dollars. Describe very accurately what
11. Consider the following table. It describes the balance of payment of Pancraziland. All the numbers are denominated in US dollars. Describe very accurately what you can infer about the features of Pancraziland's economy and how it relates to the rest of the world. In addition, try to get a broad view of what this balance of payment suggests: given the information above, which type of economy do you envision Pancraziland to be? Is it small or big, why? Which could be the larger sectors? Which type of workers mostly work there? Etc... Please keep your answer short and to the point. Unnecessarily long answers that include irrelevant information will be penalised. (10 marks) Item Billions of Dollars Current Account 0 Trade Balance -30 Balance of Goods Balance of Services Income Balance Net Investment Income Compensation of Employees Net Unilateral Transfer Private Transfers Government Transfers
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