Balance of payments - 2.1.4

• what does the B.O.P record?

  flow of money out of a country e.g to pay for imported goods
• what is the flow of money into a country?

  payments from exported goods
• what's calculated in the B.O.P?

  value of exports and imports not the volume
• what happens if the prices change?

  but volume remains same, value of exports and imports change