The following table shows the value of credits and debits in four balance-of-payments accounts in the...

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The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Ghalha. Debits Balance-of-Payments Account (Billions of dollars) 70 20 35 25 Merchandise Services Income Receipts Unilateral Transfers Total Based on the total values of Ghalha's debits and credits, there is Ghalha. This means that Ghalha has a deficit in the Term Current Account 150 Balance Balance of Trade How to Calculate Credits (Billions of dollars) 50 20 20 30 Complete the following table based on the credits and debits presented in the previous table. 120 money flowing out of Ghalha to foreign countries than there is flowing into account. Deficit or Surplus Size of Deficit or Surplus (Billions of dollars) The following table shows the value of credits and debits in four balance-of-payments accounts in the fictional economy of Ghalha. Debits Balance-of-Payments Account (Billions of dollars) 70 20 35 25 Merchandise Services Income Receipts Unilateral Transfers Total Based on the total values of Ghalha's debits and credits, there is Ghalha. This means that Ghalha has a deficit in the Term Current Account 150 Balance Balance of Trade How to Calculate Credits (Billions of dollars) 50 20 20 30 Complete the following table based on the credits and debits presented in the previous table. 120 money flowing out of Ghalha to foreign countries than there is flowing into account. Deficit or Surplus Size of Deficit or Surplus (Billions of dollars)

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Answer Total Debit 150 given Total Credit 120 given T... View the full answer