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4. Use the information in the following table on Mexico's 1996 international transactions to answer the questions (amounts are U.S. dollar values in millions): Merchandise
4. Use the information in the following table on Mexico's 1996 international transactions to answer the questions (amounts are U.S. dollar values in millions):
Merchandise imports $89,469
Merchandise exports $96,000
Services exports $10,901
Services imports $10,819
Investment income receipts $4,032
Investment income payments $17,099
Unilateral transfers $4,531
a. What is the balance of trade of Mexico?
b. What is its current account?
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