Alpha\'s balance-of payments data are shown below. All figures are in bilions of

Question

Alpha's balance-of payments data are shown below. All figures are in bilions of dollars Alpha's Balance-of-Payments Data Merchandise exports Service imports Net unilateral transfers Net change in foreign assets at home (financial inflows) Merchandise imports Service exports Net change in domestic liabilities abroad (financial outflows) 400 15 750 235 The balance of trade is S billion. (Enter your response as a whole number and include a minus sign if necessary) The balance on the current account s sbillion. Enter your response as a whole number and include a minus sign if necessay) The balance on the financial account is s billion. (Enter your response as a whole number and include a minus sign if necessary)

Explanation / Answer

Balance of trade= exports - imports

=( 400+90) - (20+750)= -280

Balance on current account= net exports + transfers+ net income from abroad

= -280 + 15= -265

Balance on financial account= financial inflow- financial outflow

= 500-(-235) = 735

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