This worksheet makes use of two tables of data. The first table, the Lukistan Balance of Payments data lists various components of the Balance of Payments as reported by government. Some of these items are detailed accounts and some are summary accounts of the other detailed accounts. Answer questions 1-5 using the Lukistan Balance of Payments data. As always, you should submit your answers in the Learning management system for your school (D2L at LCC).

Questions 1-5:
When entering answers, use the same formatting you see in the table.
The Lukistan merchandise trade balance equals __________ billions of dollars.
The Lukistan current account balance equals __________ billions of dollars.
The Lukistan capital account balance equals __________ billions of dollars (include changes in official reserves as part of capital flows).
Lukistan is experiencing a trade____________ (multiple choice).
The sum of the balance of payments for Lukistan, including both the current account, the capital account, and the statistical discrepancy is:

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Lukistan Balance of Payments (S) Components of the Balance of Payments Exports of goods and services + 440 Merchandise exports (including military sales) + 280 + 40 Exports of services Income Received from U.S. assets abroad 120 - 490 Imports of goods and services - 360 Merchandise imports (including military purchases) - 60 Imports of services - 70 Income Received from foreign assets in U.S. Net unilateral transfers abroad - 11 - 26 Outflow of U.S. capital Inflow of foreign capital + 80 Increase in U.S. official reserve assets 14 Increase in foreign official assets in U.S. + 21