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The Following Are Hypothetical Data for a Country's Balance of Payments.You

Question 47

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The following are hypothetical data for a country's balance of payments.You can assume the balance on the capital account is zero.Use the data to calculate the following:
a.the balance on the current account
b.the balance of trade on goods and services
c.the balance on the financial account
d.net errors and omissions
 Account  Billions of Dollars  Exports of Goods 866 Imports of Goods 1118 Exports of Services 335 Imports of Services 266 Net primary income 76 Net secondary income 59 Capital Inflows 1191 Capital Outflows 1050\begin{array} { | l | r | } \hline { \text { Account } } & \text { Billions of Dollars } \\\hline \text { Exports of Goods } & 866 \\\hline \text { Imports of Goods } & - 1118 \\\hline \text { Exports of Services } & 335 \\\hline \text { Imports of Services } & - 266 \\\hline \text { Net primary income } & 76 \\\hline \text { Net secondary income } & - 59 \\\hline \text { Capital Inflows } & 1191 \\\hline \text { Capital Outflows } & - 1050 \\\hline\end{array} _____________________________________________________________________________________________
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a.The current account balance is found b...

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