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2:52 PM Fri Nov 14 . . . 100% Cengage Digital Lear X | A, Textbook Access or ( X | 6 New Tab X | My Courses X MindTap - Cengage ! X Chat Thread X + C ong.cengage.com . . . MINDTAP Expand Sidebar Q Search this course ? Chapter 10 Homework X Back to Assignment A-7 Attempts 1.8 1.8 Keep the Highest 1.8 / 2 2. Looking at credits and debits The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Ghalha. EI Debits Credits Balance-of-Payments Account (Billions of dollars) (Billions of dollars) Merchandise 40 50 Services 15 25 Income Receipts 15 40 Unilateral Transfers 5 15 Total 75 130 Based on the total values of Ghalha's debits and credits, there is money flowing out of Ghalha to foreign countries than there is flowing into Ghalha. This means that Ghalha has a deficit in the account. Complete the following table based on the credits and debits presented in the previous table. Size of Deficit or Deficit or Surplus Term How to Calculate Surplus (Billions of dollars) Net Exports Current Account Balance Grade It Now Save Continue Continue without saving