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Problem 5 Use the following data of Brazil's balance of payments to answer the following questions: What is Brazil's balance on goods? What is Brazil's

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Problem 5 Use the following data of Brazil's balance of payments to answer the following questions: What is Brazil's balance on goods? What is Brazil's balance on services? What is Brazil's balance on goods and services? What is the balance on goods, services and income? What is Brazil's current account balance? Brazil's Current Account Assumptions (millions of USS) 2000 2001 2002 55,086 -55,783 9,498 - 16,660 Goods: exports Goods: imports Services: credit Services: debit Income: credit Income: debit Current transfers: credit Current transfers: debit 58.223 -55,572 9,322 -17,081 3.280 -23.023 1,934 -296 60,362 -47.241 9.551 -14,509 3.295 -21.486 2.627 -237 -21,507 1.828 -307

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