Current account of BOP
Cards (24)
- What is a major macroeconomic objective of governments regarding international trade?
- How is trade performance typically measured?
- How many accounts are within the balance of payments?
- Which account of the balance of payments is used to measure trade?
- How many sections does the current account of the balance of payments consist of?
- What is the most important component that the current account measures?
- What does the current account also measure besides the trade in goods?
- What is the term for the combination of trade in goods and trade in services?
- Besides trade in goods and services, what else does the current account include?
- What does the income part of the current account measure?
- What are government payments of aid to other countries classified as?
- What is measured in the current account?
- What are we looking at in terms of trading goods and trading services?
- What are we measuring when looking at income in the current account?
- In the current account, what does a net positive figure indicate?
- What does a negative trading goods balance mean?
- In the UK, is the trading services balance positive or negative?
- What generally characterizes the transfers balance in the UK?
- How do you determine whether a country has a current account deficit or surplus?
- What does a negative overall figure in the current account indicate?
- What does a positive overall figure in the current account indicate?
- Is the UK's current account typically in deficit or surplus?
- What is key to remember when looking at the current account?
- Can a current account deficit or surplus be caused by factors other than trade in goods and services?