Question: Here are some balance of payments data (without pluses and minuses): Merchandise exports, 100 Merchandise imports, 125 Service exports, 90 Service imports, 80 Investment income
Here are some balance of payments data (without pluses and minuses):
Merchandise exports, 100
Merchandise imports, 125
Service exports, 90
Service imports, 80
Investment income receipts from assets, 110
Investment income payments on assets, 140
Transfers from home country to other countries, 10
Increase in home country's ownership of assets abroad, 160
Increase in foreign ownership of assets in home country, 200
Increase in home reserve assets, 30
Increase in foreign reserve assets, 35
Find the merchandise trade balance, net exports, the current account balance, the capital account balance, the official settlements balance, and the statistical discrepancy.
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The merchandise trade balance equals merchandise exports minus merchandise imports which equals 100 ... View full answer
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