Solved: Using the information in the following table on mexicos, Business Management

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Using the information in the following table on mexicos

Using the information in the following table on Mexico's 1996 international transactions to answer the questions (amounts are in 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 $17,099

Unilateral Transfers $ 4,531

Given the information above, what is the balance of trade?

What is the current account?

Did Mexico become a larger international debtor during 1996?

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