The figures are invented, in $ billion, for one year. Exports of goods are 300 and imports of goods 360. Exports of services are 120 and imports of services 90. Income received from abroad is 40 and income paid abroad is 70. Current transfers received are 30 and current transfers paid are 20. (i) Calculate the balance of trade in goods and the balance of trade in services. [2] (ii) Calculate the current account balance, indicating whether it is a surplus or a deficit. [2]

Paper 2-style short part (standalone practice; not an IB question).