Use the following information to answer the questions below. Assume that the capital account is equal to 1,000. a. Is there a surplus or a deficit in the trade balance? By how much? b. What is the...

Use the following information to answer the questions below. Assume that the capital account is equal to 1,000.

a. Is there a surplus or a deficit in the trade balance? By how much?

b. What is the current account balance?

c. Does the financial account balance equal the current plus capital account balance?

d. What is the statistical discrepancy?