You are given the following information about a country’s international transactions during a year:

$1.49 Excluding Tax

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QUESTION:

You are given the following information about a country’s international transactions during a year:

Merchandise exports ………………….…………..…… $330

Merchandise imports ……………….…………………… 198

Service exports ……….…………..…….……………….… 196

Service imports …………………..………………………. 204

Income flows, net ………………….………..………………. 3

Unilateral transfers, net ………….……………………… -8

Increase in the country’s holding of foreign assets, net

(excluding official reserve assets) …….……………… 202

Increase in foreign holdings of the country’s assets, net

(excluding official reserve assets) …….……………… 102

Statistical discrepancy, net …………….…….…………… 4

a. Calculate the values of the country’s goods and services balance, current account balance, and official settlements balance.

b. What is the value of the change in official reserve assets (net)? Is the country increasing or decreasing its net holdings of official reserve assets?


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