Economics (9-1) - 0987 CIE

Current Account Of The Balance Of Payments

Akopọ

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.

Awọn Afojusun

  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.

Akọ̀wé Ẹ̀kọ́

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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Oriire fun ipari ẹkọ lori Current Account Of The Balance Of Payments. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.

  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

O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
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O wa lori ohun elo Green Bridge

Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.

Awọn akọsilẹ ẹkọ ni kikun pẹlu awọn aworan apejuwe
Oluranlọwọ ẹkọ ti AI ṣe agbara rẹ
Kọ ẹkọ laisi intanẹẹti, nigbakugba, nibikibi
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