Balance trade, lab 5 q9

Question 9 [10 points] I The United Kingdom's balance of payments data for last year are shown below. All figures are in billions. Net transfers $ + 15 Foreign investment in the UK. + 10 British investment abroad - 5 Goods exports + 45 Goods imports - 35 Net investment income - 5 Ofcial international reserves + 5 Service exports + 20 Service imports - 15 a) What is the balance of trade on goods? $ | billion b) What is the balance on goods and services? as | billion c) What is the balance on current account? 35 | billion d) What is the net capital inow? $ | billion e) If the balance of payments always balances, what must be the change in international reserves? $ | billion