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The extract from a country’s balance of payments account is shown below. Using ...

The extract from a country’s balance of payments account is shown below.
Item Import ($ million) Export ($ million)
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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