Answer the Next Five Questions on the Basis of the Following

question 19

Essay

Answer the next five questions on the basis of the following hypothetical data for a nation Malthusia.All numbers are in billions of dollars.Assume that there is no Statistical Discrepancy. (a) What was the balance of trade? (b) What was the balance on goods and services? (c) What was the balance on the current account? (d) What is the balance on the capital account? (e) What official reserves will be needed to settle the balance of payment accounts?

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Definitions:

HR Forecasting

The process of estimating future human resources needs based on various business plans and projections.

Demand Requirements

The specific needs or quantities of products or services that the market or a specific customer base requests over a certain period.

HR Plans

Strategic blueprints developed by human resources to recruit, develop, and retain the workforce necessary for organizational objectives.

External Supply

The amount of resources or inputs (such as labor or raw materials) that an organization can obtain from the external environment.