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2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy

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2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Moraha. Balance-of-payments Account Merchandise Services Income Receipts Unilateral Transfers Total Debits (Billions of dollars) 170 Credits (Billions of dollars) Based on the total values of Moraha's debits and credits, there is less v money flowing out of Moraha to foreign countries than there is flowing into Moraha. This means that Moraha has a deficit in the capital v account. Complete the following table based on the credits and debits presented in the previous table. Deficit or Surplus Size of Deficit or Surplus (Billions of dollars) Term Current Account Balance Balance of Trade How to Calculate

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