ECON2005 2022 CWA3 QU4 [30 marks] DATA FOR PREPARING STANDARD PRESENTATION OF THE BALANCE OF PAYMENTS 4a Use the data to prepare a Standard Presentation of the Balance of Payments 4b Show how you calculated an estimate of Net Errors and Omissions. 1 ITEM WITHHOLDING TAXES TT Mn. 20.0 2 REMITTANCES SENT TO RELATIVES ABROAD 110.0 3 IMPORTS OF MFG GOODS 11250.0 4 INTEREST PAID TO THE REST OF THE WORLD 400.0 5 MIGRANTS TRANSFERS 130.0 6 MANAGEMENT FEES PAID TO ROW 180.0 7 COMMUNICATION SERVICEES PROVIDED BY R.O.W 40.0 8 INTEREST EARNED ON EXTERNAL SECURITIES 246.0 9 TRAVEL ABROAD 268.0 10 EXP. BY HOTEL AND GUEST HOUSE VISITORS 480.0 11 COMMUNICATION SERVICES PROVIDED TO CARICOM COUNTRIES 150.0 12 EXPORTS 15200.0 14 HERITAGE AND STABILISATION FUND 420.0 15 GOVT LOANS TO CARIBBEAN COUNTRIES 200.0 16 COMMERCIAL BANKS INTEREST QWNED 267.0 17 INTERNATIONAL INSTITUTIONS LOANS TO GOV'T OF T&T 310.0 12.0 18 CONTRIBUTIONS TO INTERNATIONAL INSTITUTIONS 19 CENTRAL GOVERNMENT FOREIGN EXPENDITURE 132.0 400.0 20 DIVIDENDS AND PROFITS PAID TO THE R.O.W 21 DIVIDENDS AND PROFITS RECEIVED FROM THE R.O.W 15.0 40.0 22 ADVERTISING SERVICES PROVIDED TO THE ROW 18.0 23 RECEIPTS FROM INTERNATIONAL INSTITUTIONS 410.0 24 NET RESERVES INCREASED 150.0 25 ADVERTISING SERVICES RECEIVED FROM THE ROW 118.0 26 PAYMENTS TO INTERNATIONAL INSTITUTIONS 1100.0 27 PRIVATE SECTOR DIRECT INVESTMENT OUTFLOWS 1800.0 28 PRIVATE SECTOR DIRECT INVESTMENT INFLOWS