KEY QUESTION Alpha’s balance-of-payments data for 2006 are shown below. All figures are in billions of dollars. What are the ( a ) balance on goods, ( b ) balance on goods and services,

( c ) balance on current account, and ( d ) balance on capital and financial account? Suppose Alpha needed to deposit

$10 billion of official reserves into the capital and financial account to balance it against the current account.

Does Alpha have a balance-of-payments deficit or surplus?

Explain.