Question: 3. (LO 5) Given the data in Table 11.6 (all figures are in billions of dollars), a) What is the value of the balance of

3. (LO 5) Given the data in Table 11.6 (all figures are in billions of dollars),

a) What is the value of the balance of trade?

b) What is the balance on the current account?

c) What is the balance on the capital account?

d) Is there a balance of payments surplus or deficit?

How much?

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