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The following table contains information from Jamaica's Balance of Payments for the third quarters of 2014 and 2015 ($US millions) 2014 2015 ~ Current Account

The following table contains information from Jamaica's Balance of Payments for the third quarters of 2014 and 2015

($US millions)

20142015

~ Current Account Balance

Goods/Merchandise exports375.0288.1

Goods/Merchandise imports1321.01067.1

* Goods/Merchandise Balance

Incomes Account Balance- 85.7-87.7

Current Transfers (Credits)659.0673.8

Current Transfers (Debits)63.163.5

* Current Transfers Balance

Services Exports744.0781.1

Services Imports581.6589.2

* Services Balance

Reserves Balance77.1953.3

a)Calculate the missing Balances for both years (marked with *).

i)Goods/Merchandise Balance

ii)Services Balance

iii)Current Transfers Balance

b)Calculate the overall Current Account Balances (marked with ~).

c)Comment briefly on three changes in the Current Account Balance from 2014 to 2015

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