Homework Answers
Solution:-
(A).Balance of Trade is defined by the total exports of goods and services minus total imports. Hence the trade balance here would be:-
Total Exports = 60 + 15 = 75
Total Imports = 30 + 25 = 55
Therefore, Balance of Trade (B.O.T) = 75 - 55 = 20
(B). Balance on Current Account = (Total Exports - Total Imports ) + Net Investment Income
= 20 + (-15)
= 5
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