Consider the table attached for the US BOP. Assume 0 for the balance of the (new) capital account and +20 for Statistical Discrepancy for each and every year from 1980 to 2011. Calculate for each and every year the followings:

a. Balance of Official Settlement,

b. Balance of (Private) Financial Account.

c. Balance of Payments position.

TABLE 13.3. (continued) Exports of Goods. Services, and Income (2) Imports of Goods. Services, and Income (3) Balance on Goods Balance on Goods, Services, and Income Balance on Current Account (6) Increase (-) in U.S. Official Reserve Assets (7) Increase (+) in Foreign Official Assets in the United States Trade Year (1) (4) (5) (8) -26 -28 -36 -67 -21 344 381 367 356 400 388 407 457 568 648 -334 -364 -356 -377 -474 -484 -530 -594 -112 -74 -122 -145 -160 -96 -123 -137 -147 -161 -664 -127 -96 -121 -722 -99 -118 -111 -73 -52 -79 -759 -735 -766 -77 -97 -15 85 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 -132 -166 -81 -122 -114 -174 -75 -191 -125 -198 -96 -248 -141 - 215 -20 -162 -251 -358 _302 -416 728 751 779 870 1,005 1,078 1,191 1,195 1,262 1,425 1,300 1,264 1,346 1,579 1,825 2,144 2,488 2,657 2,181 2,519 2,848 _332 -824 -951 -1,080 -1, 159 -1,287 -1,357 -1, 514 -1,783 -1,632 -1, 656 -1,793 -2,119 -2,465 -2,854 -3, 084 -3, 208 -2,440 -2,830 -3,181 -336 -446 -421 -474 -540 -664 -781 -397 -457 278 398 259 488 -836 -819 -392 -447 -540 -640 -709 -595 -551 -259 -311 -333 -519 -629 -746 -801 -710 -677 _382 -442 -466 555 2009 -830 -506 -645 -738 -52 2010 2011 - 2 -16 398 212 Source: U.S. Department of Commerce, Survey of Current Business (Washington, D.C.: U.S. Government Printing Office, July 2012), pp. 5859 and various previous issues. TABLE 13.3. (continued) Exports of Goods. Services, and Income (2) Imports of Goods. Services, and Income (3) Balance on Goods Balance on Goods, Services, and Income Balance on Current Account (6) Increase (-) in U.S. Official Reserve Assets (7) Increase (+) in Foreign Official Assets in the United States Trade Year (1) (4) (5) (8) -26 -28 -36 -67 -21 344 381 367 356 400 388 407 457 568 648 -334 -364 -356 -377 -474 -484 -530 -594 -112 -74 -122 -145 -160 -96 -123 -137 -147 -161 -664 -127 -96 -121 -722 -99 -118 -111 -73 -52 -79 -759 -735 -766 -77 -97 -15 85 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 -132 -166 -81 -122 -114 -174 -75 -191 -125 -198 -96 -248 -141 - 215 -20 -162 -251 -358 _302 -416 728 751 779 870 1,005 1,078 1,191 1,195 1,262 1,425 1,300 1,264 1,346 1,579 1,825 2,144 2,488 2,657 2,181 2,519 2,848 _332 -824 -951 -1,080 -1, 159 -1,287 -1,357 -1, 514 -1,783 -1,632 -1, 656 -1,793 -2,119 -2,465 -2,854 -3, 084 -3, 208 -2,440 -2,830 -3,181 -336 -446 -421 -474 -540 -664 -781 -397 -457 278 398 259 488 -836 -819 -392 -447 -540 -640 -709 -595 -551 -259 -311 -333 -519 -629 -746 -801 -710 -677 _382 -442 -466 555 2009 -830 -506 -645 -738 -52 2010 2011 - 2 -16 398 212 Source: U.S. Department of Commerce, Survey of Current Business (Washington, D.C.: U.S. Government Printing Office, July 2012), pp. 5859 and various previous issues