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A nation's foreign transactions are as follows: TRANSACTIONS Amounts Merchandise exports 500 service exports 75 net unilateral transfers 10 domestic assets abroad (capital outflows) -200
A nation's foreign transactions are as follows:
TRANSACTIONS Amounts
Merchandise exports 500
service exports 75
net unilateral transfers 10
domestic assets abroad (capital outflows) -200
foreign asset at home(capital inflow) 300
changes in official reserve -35
merchandise imports 600
service imports 50
Refer to the above table to answer the following:
(A) What is this nation's balance of trade?
(B)Calculate the current account balance.
(C)Calculate the capital account balance.
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