Balance Of Payments
- Created by: ishah
- Created on: 08-05-13 20:15
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- Balance Of Payments
- measures UK transactions with world
- net flow of transactions and how funded
- X & M goods
- oil, raw materials, white goods etc
- VISIBLE trade
- oil, raw materials, white goods etc
- X & M services
- travel, financial&business services
- INVISIBLE trade
- travel, financial&business services
- income flows
- dividends & interest on investments in UK
- financial account
- investment in shares, debt securities loans
- trade probs affect whole world
- AD is effected by trade
- X=M equilibrium
- X>M surplus
- X<M deficit
- both disequilibrium
- TRADE GAP
- both disequilibrium
- X<M deficit
- X>M surplus
- measures UK transactions with world
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