lphas balance-of-payments data for 2020 are shown below. All figures are in billions of dollars.

Category	Value
Goods exports	$ +50
Goods imports	30
Service exports	+15
Service imports	10
Net investment income	5
Net transfers	+10
Balance on capital account	0
Foreign purchases of Alpha assets	+20
Alpha purchases of assets abroad	50

Instructions: Input all amounts as positive values.

a. What is the balance on goods?

$ billion (Click to select) deficit surplus

b. What is the balance on goods and services?

$ billion (Click to select) surplus deficit

c. What is the balance on the current account?

$ billion (Click to select) surplus deficit

d. What is the balance on the capital and financial account?

$ billion (Click to select) surplus deficit

Suppose Alpha sold $10 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