AP Macro Problem Set 5.1 Name: Balance of Payments Practice 1. Use the following simplified table to answer questions a-d. United States Canada . Purchased $800 of goods and services my . Canadians spend $1000 while vacationing in Sent $100 of foreign aid ex US ex . Americans spent $100 in Canadian bonds Purchased $300 of goods and services im Americans spend $1000 in Canada on . Canadians purchase a $600 in real estate from skiing trip the US vex . Canadians purchases $100 in US stock market a. Which country has a trade deficit and which has a trade surplus? Calculate the net balance of imports sex trade for each country, and explain how you got your