14. Below is Denmark's BOP table summary for 2016 - 2019. Fill out current account, capital account, financial account and net errors and omissions (7 pts). 2016 2017 2018 2019 Current account (excludes reserves and related items) Goods, credit (exports) 103,821.40 111,276.84 119,383.35 120,638.90 Goods, debit (imports) 86,809.91 96,267.34 106,985.80 102,463.36 Services, credit (exports) 63,465.82 72,098.65 81,431.06 $3,504.07 Services, debit (imports) 59,554.17 63,229.59 72,967.33 75,976.85 Primary income, credit 26,938.37 28,758.98 31,638.05 31.053.56 Primary income, debit 19,253.87 21,400.75 21,845.29 20,747.82 Secondary income, credit 3,671.27 3,935.89 3,822.26 4,057.76 Secondary income, debit 7,965.93 8,438.74 9,647.25 9.129.19 Capital account (excludes reserves and related items) Capital account, credit 198.25 281.29 227.30 468.38 Capital account, debit 173.36 131.12 196.48 193.68 Financial account (excludes reserves and related items) Direct investment, assets 17,991.64 9,443.88 6,503.89 226.19 Direct investment, liabilities 7,804.02 3,607.28 8,142.19 -7,499.27 Portfolio investment, assets 4,130.93 14,206.50 21,760.76 22,577.39 Portfolio investment, liabilities 15,831.97 12,007.82 -31,001.24 17,032.85 Financial derivatives (other than reserves) -3,743.13 -2,157.54 -2,820.89 -3,230.81 and employee stock options Other investment, assets 24,717.34 31,019.72 -39,392.02 3,542.14 Other investment, liabilities 5,102.44 14,616.16 -9,152.74 -11,722.46 Net errors and omissions Reserves and related items 1,510.08 2,611.12 -1,148.81 -3,209.13 Note that BOP is a cash statement, not balance sheet. Thus, when money comes to a country from other countries, it is recorded as credit. Apply this knowledge to assets (debit) and liabilities (credit). The reason is when a country has assets abroad, that means money is transferred to other countries. 14. Below is Denmark's BOP table summary for 2016 - 2019. Fill out current account, capital account, financial account and net errors and omissions (7 pts). 2016 2017 2018 2019 Current account (excludes reserves and related items) Goods, credit (exports) 103,821.40 111,276.84 119,383.35 120,638.90 Goods, debit (imports) 86,809.91 96,267.34 106,985.80 102,463.36 Services, credit (exports) 63,465.82 72,098.65 81,431.06 $3,504.07 Services, debit (imports) 59,554.17 63,229.59 72,967.33 75,976.85 Primary income, credit 26,938.37 28,758.98 31,638.05 31.053.56 Primary income, debit 19,253.87 21,400.75 21,845.29 20,747.82 Secondary income, credit 3,671.27 3,935.89 3,822.26 4,057.76 Secondary income, debit 7,965.93 8,438.74 9,647.25 9.129.19 Capital account (excludes reserves and related items) Capital account, credit 198.25 281.29 227.30 468.38 Capital account, debit 173.36 131.12 196.48 193.68 Financial account (excludes reserves and related items) Direct investment, assets 17,991.64 9,443.88 6,503.89 226.19 Direct investment, liabilities 7,804.02 3,607.28 8,142.19 -7,499.27 Portfolio investment, assets 4,130.93 14,206.50 21,760.76 22,577.39 Portfolio investment, liabilities 15,831.97 12,007.82 -31,001.24 17,032.85 Financial derivatives (other than reserves) -3,743.13 -2,157.54 -2,820.89 -3,230.81 and employee stock options Other investment, assets 24,717.34 31,019.72 -39,392.02 3,542.14 Other investment, liabilities 5,102.44 14,616.16 -9,152.74 -11,722.46 Net errors and omissions Reserves and related items 1,510.08 2,611.12 -1,148.81 -3,209.13 Note that BOP is a cash statement, not balance sheet. Thus, when money comes to a country from other countries, it is recorded as credit. Apply this knowledge to assets (debit) and liabilities (credit). The reason is when a country has assets abroad, that means money is transferred to other countries