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Use the itemized lists below to calculate the balances for the current and financial accounts for a fictitious country and then use the formula to

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Use the itemized lists below to calculate the balances for the current and financial accounts for a fictitious country and then use the formula to calculate the amount .required as the balancing item. All amounts are recorded in millions of dollars Current Account Investment income payments . . . . $200 Merchandise exports . . . . . . . . +$250 Non-merchandise payments . . -$100 Investment income receipts . . . . +$80 Merchandise imports . . . . . . -$300 Non-merchandise receipts . . .. +$150 Financial Account Direct investment abroad . . . . . -$300 . Foreign direct investment in Canada . . . +$375 . Portfolio investment abroad . . . . .. -$150 . Portfolio investment in Canada . . . . . . +$175 Capital Account Balance . . . . -$25

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