In 2020, the economy of Macroland exported $400 billion of goods and $300 billion of services
while it imported $500 billion of goods and $350 billion of services. Furthermore, the rest of
the world purchased $250 billion of Macroland's assets.
(a) Compute Macroland's balance of payment on the current account and the capital account
in 2020.
(b) What was the value of Macroland's purchases of assets from the rest of the world in
2020?
