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n 2022, assume the United States exported goods worth $320 billion and services worth $200 billion. It imported goods worth $480 billion and services worth
n 2022, assume the United States exported goods worth $320 billion and services worth $200 billion. It imported goods worth $480 billion and services worth $220 billion. Payments received on investments abroad totaled $180 billion, while returns paid to foreign investors were $150 billion. It sent $40 billion in military aid to Ukraine, and received $10 billion in assistance fighting wild fires throughout the Western states. What was the merchandise trade deficit in this country in 2022? (indicate whether this is a deficit or surplus) What was the current account balance in this country for 2022? (indicate whether this is a deficit or surplus)
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