Calculate for the balance of payments

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Reference no: EM131387097

Using the following data for a year, calculate for the balance of payments:

Item Value Rise in country’s private financial assets abroad 619

Imports of merchandise 592

Investment income receipts 63

Investment income payments 37

Transfers, net 45

Exports of services 368

Rise in foreign private financial assets in the country 307

Exports of merchandise 625

Rise in foreign governments’ financial assets in the country 326

Imports of services 299

Rise in country government’s financial assets abroad 194

(a) The current account balance.

(b) The financial account balance.

Reference no: EM131387097

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