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2. You are given the following information about a country's international transactions during a year: Value (S Item millions) Exports 958 Imports 1,315 Net Income

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2. You are given the following information about a country's international transactions during a year: Value (S Item millions) Exports 958 Imports 1,315 Net Income from Foreigners 115 Net Unilateral Transfers -58 Net Increase in the Country's Holding of Foreign Assets (excluding official reserves) 133 Net Increase in Foreign Holdings of the Country's Assets (excluding official reserves) 371 Net Statistical Discrepancy 4 Gross Domestic Product 3,417 Please calculate the country's net exports. (6 points) Please calculate the country's current account balance. (6 points) Please calculate the country's official settlements balance. (6 points) ae o e decreasing its net holdings of official reserve assets? (6 points) What is the value of the net change in official reserves assets? Is the country increasing or e. Is the size of the current account balance a sign of potential macroeconomic problems in a country's future? It is a concern if the current account is running a deficit that is larger than 5% of gross domestic product. (6 points)

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