Balance of trade
Which transactions find out the balance of trade? When the balance of trade is in surplus?
Expert
Exports of goods and imports of goods find out BOT. Whenever the value of exports of goods is bigger than the value of imports of goods.
Examining US–Canadian imports-exports and analyzing a call to protect the US lumber business.
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Components of current account of BOP account: (A) Import-Export of goods(B) Import-Export of services(C) Unilateral transfers
distinguish between autonomous transactions and accommodating transactions under balance of payments
China is a huge manufacturer of technology of telephone devices. It has lately become a member of W.T.O. that means it can sell its products in other member countries such as India. Assume that it does export a big number of telephone instruments to India:
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
what are the key callenges to indian economic development
Who won the Nobel Prize for Economics in 1997?
Normal 0
Balance of payment Accounts: It is the systematic record of all economic transactions among the residents of a country and rest of the world in a specified period (1-year) of time.
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