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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