Subject: Macroeconomics

Hi, I already provided the answers but I don't really get the calculations.

I need calculations and explanation Thank you.

1. Suppose a country has the following balance of payments data. Exports of goods 275 Imports of goods 325 Service exports 50 Service imports 40 Income receipts from abroad 40 Income payments to foreigners 70 Increase in home country assets abroad 350 Increase in foreign assets in home country 420 (a) Calculate the current account balance. -70 (b) Calculate the capital and financial account balance. 70 (c) Calculate the trade balance. -40 (d) Calculate net factor payments. -30 2. In a small open economy, Sd = $5 billion + ($100 billion).] Id = $10 billion - ($50 billion)[ Y = $50 billion, G =$3 billion, C=.06. (a) Calculate the current account balance. $4 billion (b) Calculate net exports. $4 billion (c) Calculate desired consumption. $36 billion (d) Calculate absorption. $46 billion