14 pts Question 3 14 pts Ill. Answer this question on the basis of the following data on US current account transactions: Good Exports = $1000 Service Imports = $1500 Investment Income Received by US Residents from Ownership (Purchases ) of Foreign Assets = $200 (4) A. Calculate the US current account balance. Explain the meaning of your calculation in terms of US expenditure/receipts with the rest of the world. (4) B. Calculate the US financial account balance. Explain the meaning of your calculation in terms of the change in the US financial position with the rest of the world. (4) C. Explain the relationship between the US current account and financial account. That is, how does one balance cause the other balance in this example? Don't simply refer to the numerical relation between the two balance. (2) D. As presented in Lecture 18 the US had a actual current account deficit of $448 Billion dollars in 2019. What effect did this have on the financial position of the US with the rest of the world in 2019? (No detailed explanation required - one sentence is sufficient). Edit View Insert Format Tools Table 12pty Paragraph " B I U Av LV TV Q BV B BV EV EVE