2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Pagros. Debits Credits Balance-of-Payments Account (Billions of dollars) (Billions of dollars) Merchandise 80 60 Services 30 20 Income Receipts 35 40 Unilateral Transfers 25 20 Total 170 140 Based on the total values of Pagros's debits and credits, there is * money flowing out of Pagros to foreign countries than there is flowing into Pagros. This means that Pagros has a deficit in the account. current capital Complete the following table based on the credits and debits presented in the previous table. Size of Deficit or Deficit or Surplus Term How to Calculate Surplus ( Billions of dollars) Current Account Balance Balance of Trade2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Pagros. Debits Credits Balance-of-Payments Account (Billions of dollars) ( Billions of dollars) Merchandise 80 60 Services 30 20 Income Receipts 35 40 Unilateral Transfers 25 20 Total 170 140 Based on the total values of Pagros's debits and credits there is > money flowing out of Pagros to foreign countries than there is flowing into Pagros. This means that Pagro Merchandise Debits - Merchandise Credits Merch. and Service Credits - Merch. and Service Debits Sum of Debits - Sum of Credits Complete the following table Sum of Credits - Sum of Debits able. Merchandise Credits - Merchandise Debits Size of Deficit or Surplus Merch. and Service Debits - Merch. and Service Credits Deficit or Term Surplus (Billions of dollars) Current Account Balance Balance of Trade2. Looking at credits and debits The following table shows the value of credits and debits in four balanceofpayments accounts in the ch'onal economy of Pagros. Debits Credits BalanoeoiPayments Account (Billions of dollars) (Billions of dollars) Merchandise 80 6|] Services 30 2|] Income Receipts 35 4|] Unilateral Transfers 25 2|] Total 170 140 Based on the total values of Pagros's debits and credits. there is V money.r owing out of Pagros to foreign countries than there is owing into Pagros. This means that Pagros has a decit in the V E . more Complete the following table based on the credits and debits presented in the previous table. Size of Decit or Decit or Surplus Term How to Calculate Surplus (Billions of dollars) Current Account v v \\:| Balance Balance of Trade v v \\:| 2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Pagros. Debits Credits Balance-of-Payments Account (Billions of dollars) (Billions of dollars) Merchandise BO 50 Services 30 20 Income Receipts 35 40 Unilateral Transfers 25 20 Total 170 140 Based on the total values of Pagros's debits and credits, there is _ money flowing out of Pagros to foreign countries than there is flowing into Pagros. This means that Pagros has a deficit in the account. Complete the following table based on the credits and debits presented in the previous table. Deficit Size of Deficit or Surplus Surplus Term How to Calculate (Billions of dollars) Current Account Balance Balance of Trade Grade It Now Save & Continue