Suppose the economy of Alpha in 2008 imported $800 billion in goods and $400 billion in services. The nation exported $500 billion in goods and $600 billion in services. Citizens of foreign nations also purchased $200 billion of Alpha's assets.
a. What was the merchandise trade balance?
b. What was the balance of payments on the current account?
c. What was the balance of payments on the financial account, and what was the value of Alpha's purchases of assets from the rest of the world?

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The Answer of Suppose the economy of Alpha in 2008 imported $800 billion in goods and $400 billion in services. The nation exported $500 billion in goods and $600 billion in services. Citizens of foreign nations also purchased $200 billion of Alpha's assets.
a. What was the merchandise trade balance?
b. What was the balance of payments on the current account?
c. What was the balance of payments on the financial account, and what was the value of Alpha's purchases of assets from the rest of the world?

Suppose the Economy of Alpha in 2008 Imported $800 Billion