Answer Happy

2. (15 points) The table below is a summary of the balance of payments of country A. Item Value of Item A. Current Account -700 Goods: exports ??? Goods: imports -7000 Balance on Goods -1800 Services: credit 3500 Services: debit ??? Balance on Services 1600 Balance on Goods and Services ??? Primary Income: credit 100 Primary Income: debit ??? Balance on Primary Income -1100 Balance on Goods, Services and Income -1600 Unilateral Transfers, net 600 B. Capital Account, net 550 C. Financial Account ??? Statistical Discrepancy -150 (a) (5 points) Recover the missing entries, indicated with "???”. Show your calculations. (b) (10 points) For each of the following transactions, say whether country A's current account is affected. When it is, be specific about the sign and the categories shown above. i. After a hurricane affects country B, the government of country A sends $1,000 worth of humanitarian aid. ii. A corporation from country B buys computers for its offices from a firm located in country A and pays $ 2100. iii. Government of country A buys $600 of bonds from Government of country B. iv. Workers of country A receive $600 in salaries from firms in country B.