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P BALANCE OF PAYMENTS EXERCISE The country of Statsylvania has the following accounts related to other countries: US$-Billions -55 22 -1 -67 Imports (goods) Exports

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P BALANCE OF PAYMENTS EXERCISE The country of Statsylvania has the following accounts related to other countries: US$-Billions -55 22 -1 -67 Imports (goods) Exports (services) Income receipts on Stats investments abroad Net capital account Direct investment abroad Portfolio investment liabilities Other investments (net) Income Payments on foreign investments in Statsylvania Direct investment in Statsylvania Portfolio investment assets Reserves, etc. Exports (goods) Current transfers Imports (services) 5291m4BB83w58 -13 33 -75 105 -5 -66 1. What is Statsylvania's, service trade balance? 2. What is their income balance? 3. What is their current account balance? 4. What is their balance of trade (BOT)? 5. What is the net direct investment in Statsylvania? 6. What is the net portfolio investment position? What is the country's financial and capital account position? 8. Shouldn't the current account and financial account balance? 9. If they do not, how does international accounting fix the

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