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Suppose a country has the following balance of payments data (in billions of dollars): Merchandise Exports 100 Merchandise Imports 140 Service Exports 70 Service Imports

Suppose a country has the following balance of payments data (in billions of dollars):

Merchandise Exports 100

Merchandise Imports 140

Service Exports 70

Service Imports 50

Investment Income Receipts 55

Investment Income Payments 80

Transfers to Other Countries 30

Transfers from Other Countries 45

Increase in home country assets abroad 210

Increase in foreign assets in home country 240

  1. Calculate the current account balance.
  2. Calculate the capital and financial account balance.

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