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derivation and calculation or a zero will be assigned. Consider two fictional economies, one the domestic country and the other the foreign country. Construct a

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derivation and calculation or a zero will be assigned. Consider two fictional economies, one the "domestic country" and the other the "foreign country." Construct a balance of payments for the domestic country given the following list of transactions: The domestic country purchased $100 in oil from the foreign country. . Foreign tourists spent $25 on domestic ski slopes. Domestic residents purchased $45 in life insurance in the foreign country. . Domestic residents purchased $5 in illegal substances from foreigners. . Foreign investors were paid $20 in dividends from their holdings of domestic equities. Foreign residents paid domestic residents $5 as employment income. . Domestic residents sent $25 to foreign charities. . Foreign businessmen spent $35 in bribes to domestic government officials. Domestic businesses borrowed $65 from foreign banks. . Foreign investors purchased $15 in domestic junk bonds. . Domestic investors sold off $50 in holdings of foreign government bonds

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