Question

Over the course of a year, a nation tracked its foreign transactions and arrived at the following amounts

What are this nation's balance of trade, current account balance, financial account balance?

Short answer

Balance of Trade Balance = $-100$(Deficit) ; Current Account Balance = $-65$(Deficit) ; Financial Account Balance = $515$(Surplus)

Step-by-step solution

Basic Concepts 

Balance of trade shows foreign exchange inflow and outflow due to export and import of visible goods.

Current account shows foreign exchange inflow and outflow - exports & imports of visible goods & invisible services, factor incomes and unilateral transfers.

Capital or financial account shows foreign exchange inflow and outflow due to change in asset liability status of the country's economy.

Numeric Solution 

$$\begin{gathered} BalanceofTrade=MerchandiseExports-MerchandiseImports \\ =500-600=-100Deficit \end{gathered}$$

$$\begin{gathered} CurrentAccountBalance=Merchandiseandservicesexportsandimports+NetUnilateralTransfers \\ =500+75-600-50+\hspace{0.17em}10 \\ =-65Deficit \end{gathered}$$

$$\begin{gathered} FinancialAccountBalance=Inflowfromnetchangeinforeignassetsathome-outflowfromnetchangeindomesticliabiltiesabroad \\ =300-(-215)\hspace{0.17em} \\ =515Surplus \end{gathered}$$