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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
- Calculate the current account balance.
- Calculate the capital and financial account balance.
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