Suppose a country has the following balance of payments data. 
(a)Calculate the current account balance.
(b)Calculate the capital and financial account balance.
(c)Calculate the trade balance.
(d)Calculate net factor payments.
Definitions:
Amortized
The process of gradually writing off the initial cost of an asset over a period, or systematically reducing a loan balance through periodic payments of principal and interest.
Economic Life
The expected period of time during which an asset is useful to the average owner.
Amortization Expense
The periodic expense recognized in the financial statements for the gradual write-off of the cost of intangible assets over their useful life.
Research and Development Costs
Expenses associated with the investigation and creation of new products or services, which can include salaries, materials, and overhead costs.
Q2: People in trusting relationships tend to exhibit
Q22: Given data on capital (K),labor (N),and output
Q24: Christina Romer argued that<br>A)measured properly,GNP before 1929
Q45: DSGE models are<br>A)similar to RBC models but
Q67: The ease and quickness with which an
Q68: Suppose the government provides a tax cut
Q68: A supply shock that reduces total factor
Q71: Draw a saving-investment diagram to show how
Q76: When a government prints money to finance
Q85: Larry's Lathe-makers Limited produces lathes,which are purchased