Use the following information to answer the questions below.

NUT250

Exports500

Net increase in foreign ownership of U.S.based nonreserve assets400

Net increase in U.S. government's foreign assets30

Net increase in U.S. private assets250

Investment income received in the U.S.200

Net increase in U.S. ownership of official reserve assets20

Imports600

Net increase in foreign ownership of U.S. reserve assets100

Investment income paid abroad by the U.S.300

a.What is the current account balance?

b.Does the financial account equal the current account?

c.What is the statistical discrepancy?