Alpha's balance-of-payments data for 2016 are shown below. All figures are in billions of dollars.
Instructions: Input all amounts as positive values.
a. What is the balance on goods?
b. What is the balance on goods and services?
c. What is the balance on the current account?
d. What is the balance on the capital and financial account?
billion
Suppose Alpha sold $15 billion of official reserves abroad to balance the capital and financial account with the current account.
e. Does Alpha have a balance-of-payments deficit or does it have a surplus?
(Click to select)
Deficit
Surplus