That's the information of the selected items from country B's balance of payments in 2020. Use the
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That's the information of the selected items from country B's balance of payments in 2020. Use the following data to answer the following questions Country B's Balance of Payments,2020. (millions of U.S. dollar)
Goods export 4216.
Goods impart 6263.
Service export. 470.
Service import 1085.
Income receipts 146
Income payments 395.
Net unilateral transfers 1285
Errors and omissions 549
a. Calculate Country B's BOT. Is it a deficit or surplus?
b. How many millions dollar Country B's current account balance is? ls it a deficit or surplus?
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