3) The following table contains the U.5. totals for key international transactions in 2008, in billions of dollars. (20p) Line (Credits +; debits -) 2 Exports of goods and services +$1,827 12 Income receipts +765 19 Imports of goods and services -2,523 29 Income payments -646 35 Unilateral current transfers, net -128 39 Capital account transactions, net + 1 Financial Outflows: 41 U.5. official reserve assets -5 46 U.5. government assets, other than official reserve assets -530 50 U.S. private assets, net +534 Financial Inflows: 56 Foreign official reserve assets in the U.S. +487 63 Other foreign assets in the U.5. +47 a) Calculate the Balance on Current Account, and the Statistical Discrepancy. b) Calculate the Official Settlements Balance. c) In 2008, U.S. GDP was $14,441 billion. How much was Gross National Expenditure? How much was Gross National Disposable Income