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The following are financial details for a hypothetical Canadian balance of payments account. a)Calculate the trade balance. Explain b)Calculate the current account balance. Explain c)Calculate

The following are financial details for a hypothetical Canadian balance of payments account.

a)Calculate the trade balance. Explain

b)Calculate the current account balance. Explain

c)Calculate the capital account balance. Explain

d)Does this hypothetical balance of payments show deficit or surplus? Explain

e)If the above hypothetical balance of payment shows a current account deficit, deficit is bad for Canada. True or false. Explain

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