Answered You can hire a professional tutor to get the answer.
Use the information in the following table on Mexico's 1996 international transactions to answer the questions (amounts are U. dollar values in...
4. Use the information in the following table on Mexico's 1996 international transactions to answer the questions (amounts are U.S. dollar values in millions):
Merchandise imports $89,469
Merchandise exports $96,000
Services exports $10,901
Services imports $10,819
Investment income receipts $4,032
Investment income payments $17,099
Unilateral transfers $4,531
a. What is the balance of trade of Mexico?
b. What is its current account?