The extract from a country's balance of payments account is shown below Item Imports ($ million) Export ($) Agricultural products - 200 Mineral products - 3...
Question 1 Report
The extract from a country's balance of payments account is shown below
| Item | Imports ($ million) | Export ($) |
| Agricultural products | - | 200 |
| Mineral products | - | 300 |
| Consumer goods | 250 | - |
| Capital goods | 400 | - |
| Insurance | 50 | 25 |
| banking | 75 | 30 |
| Transportation | 85 | 25 |
| Loans | 150 | 60 |
Using the table above, calculate the:
(a) balance of trade
(b) invisible trade balance
(c) balance on current account
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