Okay so this is a 9th grade business studies question i rlly need help with it as i forgot to do it last night and its due today

International trade is essential for the recovery of the irish economy

(i) Distinguish between visible exports and invisible exports use one example of each type of export to explain your answer.

(ii) The following data relates to the international trade of a country for 2013

Visible Imports-$1.150 million
Invisible Exports-$1.380 million
Visible Exports-$1.250 million
Invisible Imports-$1.300 million

(iii) from the above data calculate the balance of trade and the balance of payments *show your workings*

(iv) indicate in each case whether it is a surplus or deficit balance.

Q2 the following data relates to the international trade of a country

visible imports-$650 million
Invisible exports-$550 million
Invisible Imports-$450 million
Visible exports-$700 million

using the above data calculate the balance of trade show your workings

this question should be easy for people who find business studies easy

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