Suppose that during a recent year for the United States, the current account balance was -0.5 trillion,

Question:

Suppose that during a recent year for the United States, the current account balance was
-0.5 trillion, and the net acquisitions of financial assets by U.S. residents and government entities was +$0.1 trillion.
a. What was the balance on the financial account during the year?
b. What was the net incurrence of financial liabilities by U.S. residents and government entities during the year?