The Following Are Hypothetical Data for a Country's Balance of Payments.You

question 233

Essay

The following are hypothetical data for a country's balance of payments.You can assume the balance on the capital account is zero.Use the data to calculate the following:
a.the balance on the current account
b.the balance of trade on goods and services
c.the balance on the financial account
d.net errors and omissions
$$\begin{array} { | l | r | } \hline { \text { Account } } & \text { Billions of Dollars } \\\hline \text { Exports of Goods } & 866 \\\hline \text { Imports of Goods } & - 1118 \\\hline \text { Exports of Services } & 335 \\\hline \text { Imports of Services } & - 266 \\\hline \text { Net primary income } & 76 \\\hline \text { Net secondary income } & - 59 \\\hline \text { Capital Inflows } & 1191 \\\hline \text { Capital Outflows } & - 1050 \\\hline\end{array}$$ _____________________________________________________________________________________________
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