I. Use the following information to answer the questions below. Assume that the capital account is equal to 0.

Net unilateral transfers	250
Exports of goods and services	500
Net increase in the U.S. government's nonreserve foreign assets	30
Net increase in foreign ownership of U.S.-based nonreserve assets	400
Net increase in U.S. private assets abroad	250
Invest income received in the United States	200
Net increase in U.S. ownership of official reserve assets	20
Imports of goods and services	600
Net increase in foreign ownership of U.S.-based reserve assets	100
Investment income paid abroad by the United States	300

1. What is the current account balance?
2. Does the financial account equal the current account?
3. What is the statistical discrepancy?