Given below is the Balance of Payment of a nation Given belo

Given below is the Balance of Payment of a nation:

Given below is the Balance of Payment of a nation yments: lanc Exports of Goods Imports of Goods Exports of Services Imports of Services Net Unilateral Transfers 1000 S66 $410 $590 $15 S600 U.S. Capital going Abroad Capital Coming into U.S Official Reserve Transactions $400 S60 (a) Calculate the Balance of trade (b) Calculate the current account balance. (c) Calculate the capital account balance. Show your work in deta

Solution

a) Balance of Trade

= Value of Exports - Value of Imports

= $410 + $1000 - $590 - $665

= $ 155

b) Current Account Balance

= Total money left which implies the total of tha balance sheet

= $410 + $1000 - $590 - $665 + $400 - $ 60 -$15 -$600 = -$120

c) Capital Account Balance

= $ 400 - $600

= $200