4. You are provided with the following information about a country's international transactions during a given year (in millions): Service exports $346 Service imports S354 Merchandise exports $480 Merchandise imports $348 Income flows, net S153 Gifts to foreigners $142 Increase in the country's holding of foreign assets, $352 (excluding official reserves assets) Increase in foreign holdings of the country's assets, net $252 (excluding official reserves assets) Statistical discrepancy, net credit $154 Calculate the official settlements balance and the current account balance. Is the country increasing or decreasing its net holdings of official reserve assets? Why? (20 points) Explain the three different viewpoints (meanings) of the current account balance. Discuss the macroeconomic interpretations of a current account surplus. (15 points) net