Calculate Visible Exports, Visible Imports, Balance of Trade and interpret your answer, and Invisible Imports.

Here are the calculations for Question Four a): Step 1: Calculate Visible Export Visible exports are physical goods exported. Visible Export = Cocoa + Cotton + Tea Visible Export = 5,750,000 FCFA + 3,200,000 FCFA + 2,500,000 FCFA Visible Export = 11,450,000 FCFA Step 2: Calculate Visible Import Visible imports are physical goods imported. Visible Import = TV set + Cars Visible Import = 3,500,000 FCFA + 4,100,000 FCFA Visible Import = 7,600,000 FCFA Step 3: Calculate Balance of Trade and interpret your answer The Balance of Trade is the difference between visible exports and visible imports. Balance of Trade = Visible Export - Visible Import Balance of Trade = 11,450,000 FCFA - 7,600,000 FCFA Balance of Trade = 3,850,000 FCFA Interpretation: Since the balance is positive, Cameroon has a trade surplus. Step 4: Calculate Invisible Import Invisible imports are services imported. Invisible Import = Banking + Film show + Transportation Invisible Import = 4,600,000 FCFA + 1,500,000 FCFA + 2,800,000 FCFA Invisible Import = 8,900,000 FCFA Step 5: Calculate Balance of Payment on Current Account and interpret your answer First, calculate Invisible Export: Invisible Export = Insurance + Aviation Invisible Export = 1,500,000 FCFA + 1,900,000 FCFA Invisible Export = 3,400,000 FCFA The Balance of Payment on Current Account is the sum of visible and invisible exports minus the sum of visible and invisible imports. Current Account Balance = (Visible Export + Invisible Export) - (Visible Import + Invisible Import) Current Account Balance = (11,450,000 FCFA + 3,400,000 FCFA) - (7,600,000 FCFA + 8,900,000 FCFA) Current Account Balance = 14,850,000 FCFA - 16,500,000 FCFA Current Account Balance = -1,650,000 FCFA Interpretation: Since the balance is negative, Cameroon has a current account deficit. Here are four aims of advertising for Question Four b): To inform* potential customers about a product or service. To persuade* customers to purchase the product or service. To remind* existing customers about the product or brand. To build brand image* and foster customer loyalty. Send me the next one 📸