You are given the following information about a country's international transactions during a year:
Merchandise exports....................................$330
Merchandise imports....................................198
Service exports...........................................196
Service imports...........................................204
Income flows, net........................................3
Unilateral transfers, net.................................-8
Increase in the country's holding of foreign assets, net
(excluding official reserve assets) .....................202
Increase in foreign holdings of the country's assets, net
(excluding official reserve assets) .....................102
Statistical discrepancy, net..............................4
a. Calculate the values of the country's goods and services balance, current account balance, and official settlements balance.
b. What is the value of the change in official reserve assets (net)? Is the country increasing or decreasing its net holdings of official reserve assets?