Using the following data (billions of dollars) for a given year, calculate the balance on merchandise trade: the balance on goods, services and income; and the current balance. Indicate whether these balances are deficits or surpluses.
EXPORTS OF MERCHANDISE 106, EXPORTS OF SERVICES 34 ,NET UNILATERAL TRANSFERS 8, STATISTICAL DESCREPANCY 0 , OFFICIAL SETTLEMENTS BALANCE 22, IMPORTS OF SERVICES 28, CAPITAL INFLOW 6 , IMPORTS OF MERCHANBDISE 119, CAPITAL OUTFLOW 29,