Suppose that during a recent year for the United States, merchandise imports were $2 trillion, unilateral transfers were a net outflow of $0.2 trillion, service exports were $0.2 trillion, service imports were $0.1 trillion, and merchandise exports were $1.4 trillion. a. What was the merchandise trade deficit? b. What was the balance on goods and services? c. What was the current account balance?

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