A. Define Balance of Payments (BOP). B. Use the following data (in billions of dollars for the given year) to calculate

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A Define Balance Of Payments Bop B Use The Following Data In Billions Of Dollars For The Given Year To Calculate 1 (29.19 KiB) Viewed 52 times

A. Define Balance of Payments (BOP). B. Use the following data (in billions of dollars for the given year) to calculate the: 279 Export of goods Import of goods 719 1 145 Export of services Import of services 210 i. balance of trade (2 marks) (4 marks) ii. balance on the current account. Interpret the result. C. Jamaica has, for many years, been experiencing a deficit on its current account. Describe TWO (2) factors that could have contributed to this ongoing problem. (6 marks) D. Recommend TWO (2) measures the Jamaican government could take to curb its BOP deficit. (6 marks) (Total 20 marks) (2 marks)