Use the information in the following table on Canada’s international transactions to answer the following questions.

 Q.2: Use the information in the following table on Canada’s international transactions to answer the following questions. [9 MARKS] Balance of Payments Account Amount Merchandise imports $92,871 Merchandise exports $93,859 Services imports $15,406 Services exports $26,683 Investment income receipts $43,720 Investment income payments $27,702 Unilateral transfers −$ 3,736 a. What is the balance of trade? b. What is the current account? c. Did Canada become a larger international net creditor during this year?

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