Use the following terms for this question: (X-M) = Current Account Balance (CI-CO) Capital Account Balance (FI-FO) Financial Account Balance = (I-S) Investment-Saving Balance = FXB Reserve Balance BOP balance of payments GDP gross domestic product C = consumption I= capital investment spending G = government spending The static equation for the BOP is:

Use the following terms for this question: (X-M) = Current Account Balance (CICO)= Capital Account Balance (FIFO)= Financial Account Balance (I-S) = Investment-Saving Balance FXB= Reserve Balance BOP= balance of payments GDP= gross domestic product C= consumption I= capital investment spending G= government spending The static equation for the BOP is