Data on macroeconomic accounts for three countries

The Table below provides hypothetical data on macroeconomic accounts for three countries represented by A, B, and C, and measured in billions of currency units. S = private household saving; T = taxes; G= government spending; and I = investment.Calculate the Current Account balance for each country. (Remember, the current account balance = X – M; i. e., it is the negative of (M – X).)State whether each nation has a current account surplus or deficit.Identify each nation’s demand for financial capital. (Remember the Chapter 10 formulation: demand for financial capital = supply of financial capital. See chapter or Week 4 slide. )(Important note: you know that if XM, then foreigners demand (our) financial demand;. So if a nation runs a trade (current account) surplus, the amount of the surplus counts as part of our nation’s demand for financial capital, not supply of financial capital.)ABBS700050005000T0050005000G600035006500I800040004500