Refer to the following BOP table of US in 2014 and answer the questions Current account Exports of goods and services and income receipts (credits) Goods 383936 Services 188332 Investment income receipts 194716 Unilateral transfers receipts 32200 Imports of goods and services and income payments (debits) Goods 577452 Services 121329 Investment income payments 146365 Unilateral transfer payments 68587 Capital account 0 Financial account Net U S acquisition of financial assets excluding financial derivatives (net increase in assets financial outflow ( )) Direct investment assets 86576 Portfolio investment assets 233068 Other investment assets 42077 Official reserve assets 4159 Net U S incurrence of liabilities excluding financial derivatives (net increase in liabilities financial inflow ( )) Direct investment liabilities 194067 Portfolio investment liabilities 102922 Other investment liabilities 51015 Official reserve assets Financial derivatives other than reserves, net transactions 40199 1 Calculate trade balance and current account 2 Calculates the balance of payments (or official settlements balance) What should be the value of in the table to satisfy the BOP identity condition 3 Explain the relationship between current account, non reserve financial account and reserve account using the numbers from the table How did the USs central banks foreign reserves change in 2014

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Refer to the following BOP table of US in 2014 and answer the questions. Current account Exports of goods and services and income receipts (credits)

Refer to the following BOP table of US in 2014 and answer the questions.

Current account
Exports of goods and services and income receipts (credits)
Goods	383936
Services	188332
Investment income receipts	194716
Unilateral transfers receipts	32200
Imports of goods and services and income payments (debits)
Goods	577452
Services	121329
Investment income payments	146365
Unilateral transfer payments	68587
Capital account	0
Financial account
Net U.S. acquisition of financial assets excluding financial derivatives (net increase in assets / financial outflow (+))
Direct investment assets	86576
Portfolio investment assets	233068
Other investment assets	42077
Official reserve assets	-4159
Net U.S. incurrence of liabilities excluding financial derivatives (net increase in liabilities / financial inflow (+))
Direct investment liabilities	194067
Portfolio investment liabilities	102922
Other investment liabilities	51015
Official reserve assets	???
Financial derivatives other than reserves, net transactions	-40199

1. Calculate trade balance and current account.

2. Calculates the balance of payments (or official settlements balance). What should be the value of ??? in the table to satisfy the BOP identity condition?

3. Explain the relationship between current account, non-reserve financial account and reserve account using the numbers from the table. How did the USs central banks foreign reserves change in 2014?