Over the course of a year a nation tracked its foreign, Ask an Expert

Economics

Over the course of a year, a nation tracked its foreign transactions and arrived at the following amounts:

Merchandise Exports = 600

Service Exports = 125

Net unilateral transfers = (50)

Domestic assets abroad (capital outflows) = (325)

Foreign assets at home (capital inflows) = 445

Changes in official reserves = 30

Merchandise imports = 720

Service imports = 105

I need to compute the following (please provide calculations):

1) Its current account balance is

2) This nation's balance of trade is

3) The nation's capital account balance is

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225727

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