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Thnk Use the following information to answer the questions below. Assume that the capital account is equal to 0 .

I really need help with these questions attached below. Thnk


Use the following information to answer the questions below. Assume that the capital account is equal to 0.


Exports of goods and services

500

Primary income received

200

Secondary income received

300

Imports of goods and services

700

Primary income paid abroad

300

Secondary income paid

100

Net acquisition of financial assets

300

Net incurrence of liabilities

400

Net change in financial derivatives

600



a.   What is the trade balance?

b.  What is the current account balance?

c.   Does the financial account equal the current account plus the capital account balance?

d.  What is the statistical discrepancy?

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