Asked by
Aliyah Gabrielle
on Nov 29, 2024
Verified
Which of the following measures net exports for the year,including transactions involving services,investment income,and transfers?
A) Balance of trade
B) Balance on the current account
C) Budget balance
D) Balance of payments
Net Exports
One country’s exports to other countries minus its imports from other countries.
Current Account
A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers.
- Explain the components and relevance of the balance of payments and its various accounts.
Verified Answer
TP
Learning Objectives
- Explain the components and relevance of the balance of payments and its various accounts.