Homework Answers
Solution:-
(A).Trade balance = export of goods and service - import of goods and service.
= 600 - 290.
= 310
(B). Current Account Balance = Exports of goods and services + Primary income received + Secondary income received - Imports of goods and services - Primary income paid abroad - Secondary income paid
= 600 + 30 + 520 - 290 - 260 - 50
= 550
(C). Financial Account Balance= Net acquisition of financial assets- net incurrence of liabilities+ Net change in financial derivatives
= 530 – 130 + (-100)
= 300
(D). Statistical discrepancy = Financial account balance-(Current Account Balance + Capital account balance)
= 300-(550+0)
= -250
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