Economics (9-1) - 0987 CIE

Current Account Of The Balance Of Payments

Bayani Gaba-gaba

Every country keeps a record of its dealings with the rest of the world: what it sells abroad, what it buys in, the income it earns overseas and the gifts and aid that flow back and forth. The current account of the balance of payments is the heart of that record, and whether it runs a surplus or a deficit tells you a great deal about a country's place in the world economy.

In this lesson you will learn the four components of the current account, calculate deficits and surpluses, understand why they arise, and trace their impact on GDP, employment, inflation and the exchange rate. You will also evaluate the policies a government can use to keep the account stable.

Manufura

  1. components of the current account of the balance of payments: - trade in goods - trade in services - primary income - secondary income
  2. calculation of deficits and surpluses on the current account of the balance of payments and its component sections
  3. reasons for current account deficits and surpluses
  4. impact on GDP, employment, inflation and foreign exchange rate
  5. the range of policies available to achieve balance of payments stability and their effectiveness.

Takardar Darasi

The current account shows whether a country is earning enough from the rest of the world to pay for what it buys. A large, persistent deficit can signal that a country is living beyond its means or losing competitiveness; a large surplus has its own implications. Because the current account links trade, growth, jobs, inflation and the exchange rate, it pulls many parts of the course together.

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Nazarin Darasi

Barka da kammala darasi akan Current Account Of The Balance Of Payments. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.

Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.

Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.

  1. Which of the following is part of the trade in services on the current account? A. exports of cars B. earnings from foreign tourists C. imports of oil D. foreign aid sent abroad Answer: B
  2. The four components of the current account are trade in goods, trade in services, and: A. primary and secondary income B. the capital and financial accounts C. tariffs and quotas D. exports and imports only Answer: A
  3. A country records goods -$30bn, services +$10bn, primary income +$4bn, secondary income -$4bn. The current account is: A. a surplus of $20bn B. a deficit of $20bn C. balanced D. a deficit of $48bn Answer: B
  4. A current account deficit is most likely to cause the exchange rate to: A. rise B. fall C. stay fixed D. become zero Answer: B
  5. Foreign aid sent to another country is recorded under: A. trade in goods B. trade in services C. primary income D. secondary income Answer: D

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Akwai a Android, Windows, macOS, da Linux

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