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The following table shows the value of credits and debits in four balance - of - payments accounts in the fictional economy of Ghalha.
The following table shows the value of credits and debits in four balanceofpayments accounts in the fictional economy of Ghalha.
tableBalanceofPayments Account,tableDebitsBillions of dollarstableCreditsBillions of dollarsMerchandiseServicesIncome Receipts,Unilateral Transfers,Total
Based on the total values of Ghalha's debits and credits, there is more or less money flowing out of Ghalha to foreign countries than there is flowing into Ghalha. This means that Ghalha has a deficit in the capital or current account.
Complete the following table based on the credits and debits presented in the previous table.
Size of Deficit or
Deficit or
Surplus
Term
How to Calculate
Surplus
Billions of dollars
Net Exports
Current Account
Balance
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