The following economic transactions are drawn from a country's balance of payments for the 2016 in...

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The following economic transactions are drawn from acountry's balance of payments for the 2016 in US dollarsbillions.
i) Export of civiliansgoods.                            224.4
ii) imports of civiliangoods                            368.7
iii) military salesabroad                                        8.9
iv) military purchaseabroad                                    12.6
v) exports of service (investment income & fees earned, foreigntourism)                                        139.5
vi) import services (investment income paid out) 117.2
vii) Net unilateral transfers(gifts)                           15.7
viii) foreign private investments in home country 202.7
ix) Home country investmentsoverseas        94.4
x) Foreign official lending in home country   34.7
xi) Home country lendingoverseas            1.9
xii) Net in home country official reserve   0.30
You are required to categorise the above transactionsas either credit or debit in balance of payments account.
Develop the following:
1.Trade balance
2.Current account balance
3. Capital account balance
4. Official reserves balance
5. Indicate whether surplus/deficits balance in all the accountbalances.

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The following economic transactions are drawn from acountry's balance of payments for the 2016 in US dollarsbillions.i) Export of civiliansgoods. 224.4ii) imports of civiliangoods 368.7iii) military salesabroad 8.9iv) military purchaseabroad 12.6v) exports of service (investment income & fees earned, foreigntourism) 139.5vi) import services (investment income paid out) 117.2vii) Net unilateral transfers(gifts) 15.7viii) foreign private investments in home country 202.7ix) Home country investmentsoverseas 94.4x) Foreign official lending in home country 34.7xi) Home country lendingoverseas 1.9xii) Net in home country official reserve 0.30You are required to categorise the above transactionsas either credit or debit in balance of payments account.Develop the following:1.Trade balance2.Current account balance3. Capital account balance4. Official reserves balance5. Indicate whether surplus/deficits balance in all the accountbalances.