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The table below shows the composition of exports and imports of a hypothetical country. ...

The table below shows the composition of exports and imports of a hypothetical country. Use the information in the table to answer the questions that follow.
Exports Amount $ Imports Amounts $
Crude Oil 120,000,000 Rice and Flour 140,000,000
Groundnuts 40,000,000 Petroleum Product 80,000,000
Tourism 45,000,000 Vehicles and Accessories 50,000,000
Shipping & Insurance 60,000,000 Banking Services 60,000,000
Bauxite 80,000,000 Freight and Insurance 40,000,000



(a) Calculate the value of visible exports.
(b) Calculate the balance of trade for the country.
(c) List the items of invisible exports and imports.
(d) Calculate the current account balance of the country.
(e) Is the country developed or developing? Give one reason for your answer.



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