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Etruria's Balance of Payments Data Table

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The data shows Etruria's balance of trade was $2 billion, the balance on the current account was -$3 billion, and the balance on the capital account was $1 billion, resulting in an overall balance of payments deficit of $2 billion.

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The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.) a. What is the value of the balance of trade? $ b. What is the balance on the current account? Remember to enter a minus () sign to indicate negative values. c. What is the balance on the capital account? d. Is there a balance of payments surplus or deficit? How much?

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  • 1. The table below gives the data about Etruria's balance of payments. (All figures are in billions of dollars.) a. What is the value of the balance of trade? $ b. What is the balance on the current account? Remember to enter a minus () sign to indicate negative values. c. What is the balance on the capital account? d. Is there a balance of payments surplus or deficit? How much?