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The table below shows Arcadia's balance-of-payments accounts in millions of dollars. Current Account Merchandise Trade Receipts 197.2 O Payments Balance 143.6 Trade in Services
The table below shows Arcadia's balance-of-payments accounts in millions of dollars. Current Account Merchandise Trade Receipts 197.2 O Payments Balance 143.6 Trade in Services 72.7 83.3 Investment Income 40.6 75.7 53.6 -10.6 O -35.1 Employee Compensation 2.6 4.4 -1.8 Transfers 8.7 20.2 -11.5 O Capital and Financial Accounts Capital Account 3.3 1.2 O 2.1 Financial Account Direct Investment. 32.8 42.3 9.5 O Portfolio Investment 23.6 16.6 Other Financial Investments 13.0 19.7 O -6.7 a. Fill in the above table. Enter your responses rounded to 1 decimal place. For balance-of-payments deficits and surpluses do not enter positive or minus signs For the balance of trade and changes in official reserves do enter a minus (-) sign in front of any negative value responses b. There is a deficit There is a surplus of $ of $ 5.4 million on Arcadia's current account million on Arcadia's capital and financial accounts. c. If the statistical discrepancy in Arcadia's balance of payments accounts is $2.3 million, Arcadia is running a balance of payments deficit of $ million d. The "change in official reserves" that appears in Arcadia's balance of payments accounts is $ Arcadia's central bank [bought Arcadia's own currency and sold foreign currency in order to keep million, which shows that up the value of Arcadia's currency
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