Homework Answers
1. balance of trade = Country's Exports – Country's Imports
= 163-152= $11 billion
2. Current Account Formula = (X-M) + NI + NT
NI= net income from foreign country
NT= net transfer from government
= (163-152) +( 9-30)+ 0
= 163 - 152 -21
= - $ 10 billions (negative)
3. capital account balance = investment in etruria - investment by etruria
= 92 - 69
= $ 23 billions
4. balance of payment= balance in current account + balance of capital account+balance in financial account.
= - 10 + 23 +0
= $ 13 billion (surplus)
5
a= 1.30 * 39 = 50.7 EURO
B= 3* 39 = 117 pound
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