What is the relationship between the balance of trade and the current account balance?
What will be an ideal response?
The balance of trade measures the difference between the value of the goods a country exports and the value of the goods a country imports. If a country's exports of goods are greater than its imports of goods, there is a trade surplus, which increases the current account balance. However, the balance of trade is not the only component of the current account balance. The balance of services (exports of services minus imports of services), net income on investments, and net transfers are also included in the current account balance.
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The person hired by a corporation's board of directors to ________ is known as the chief executive officer
A) chair the board of directors B) run the day-to-day operations of the corporation C) hire additional members for the board of directors D) audit the financial records of the corporation
When drawn against the real interest rate, output demand increases if
A) current government expenses increase. B) future government expenses increase. C) current taxes increase. D) future taxes increase.
A demand curve is derived from
A) the production possibilities curve. B) consumer's income. C) a demand schedule. D) an equilibrium.
From 1922 to 1929, the total value of the stock market:
A. more than tripled. B. decreased by nearly 50 percent. C. stayed the same. D. decreased by nearly 90 percent.