1. **Problem Statement:** Calculate the balance of trade, invisible trade balance, and balance of current account using the given balance of payment data. 2. **Given Data:** - Agricultural products export = 200 million - Mineral products export = 300 million - Consumer goods import = 250 million - Capital goods import = 400 million - Insurance import = 50 million, export = 25 million - Banking import = 75 million, export = 30 million - Transportation import = 85 million, export = 25 million - Loans import = 150 million, export = 60 million 3. **Step 1: Calculate missing values for exports of Consumer goods and Capital goods, and imports of Agricultural and Mineral products.** - Balance of trade = Total exports - Total imports - We will find missing values by balancing the trade components. 4. **Step 2: Calculate total exports and imports for visible goods:** - Visible exports = Agricultural + Mineral + Consumer goods + Capital goods - Visible imports = Agricultural + Mineral + Consumer goods + Capital goods 5. **Step 3: Calculate invisible trade balance:** - Invisible exports = Insurance + Banking + Transportation + Loans (exports side) - Invisible imports = Insurance + Banking + Transportation + Loans (imports side) - Invisible trade balance = Invisible exports - Invisible imports 6. **Step 4: Calculate balance of current account:** - Current account balance = Balance of trade + Invisible trade balance 7. **Calculations:** - Let Agricultural imports = $A$, Mineral imports = $M$, Consumer goods exports = $C_e$, Capital goods exports = $K_e$ - Total exports = 200 + 300 + $C_e$ + $K_e$ + 25 + 30 + 25 + 60 - Total imports = $A$ + $M$ + 250 + 400 + 50 + 75 + 85 + 150 - Balance of trade = (200 + 300 + $C_e$ + $K_e$) - ($A$ + $M$ + 250 + 400) - Invisible trade balance = (25 + 30 + 25 + 60) - (50 + 75 + 85 + 150) = 140 - 360 = -220 - To find $A$, $M$, $C_e$, and $K_e$, assume balance of trade is zero (or use given data if any). Since no values given, assume balance of trade = 0 for calculation: $$200 + 300 + C_e + K_e = A + M + 250 + 400$$ - Without more data, we cannot find exact values for $A$, $M$, $C_e$, $K_e$. But we can calculate invisible trade balance and express balance of current account in terms of balance of trade. 8. **Final answers:** - Invisible trade balance = -220 million - Balance of current account = Balance of trade + (-220) Since balance of trade is unknown, the current account depends on it. **Summary:** - i) Balance of trade = $$(200 + 300 + C_e + K_e) - (A + M + 250 + 400)$$ (unknown without more data) - ii) Invisible trade balance = $$-220$$ million - iii) Balance of current account = Balance of trade $$- 220$$ million