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Alpha's balance-of-payments data are shown below. All figures are in billions of dollars. Alpha's Balance of Payments Data Merchandise exports 400 Service imports 30 Net

Alpha's balance-of-payments data are shown below. All figures are in billions of dollars.

Alpha's Balance of Payments Data
Merchandise exports 400
Service imports 30
Net Unilateral transfers 15
Net Change in foreign assets at home (financial efforts) 355
Merchandise imports 600
Service exports 80
Net change in domestic liabilities abroad (financial outflows) -220

The balance of trade is ?$ billion. ?(Enter your response as a whole number and include a minus sign if? necessary.

During any designated? period, all payments and gifts that are related to the purchase or sale of both goods and services constitute the current account in international trade. Major types of current account transactions include the exchange of? merchandise, the exchange of? services, and unilateral transfers.

Balance on current account? = (merchandise exports ? merchandise ?imports) +? (service exports ? service? imports) + net unilateral transfers.

The balance on the current account is ?$ billion. ?(Enter your response as a whole number and include a minus sign if? necessary.)

I need to see the formulas on how the answers were determined, please.

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