B.O.P (balance of payments)

a mind map briefly describing balance of payments

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  • Created by: Bob
  • Created on: 07-03-13 21:26
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  • B.O.P
    • B.O.T
      • Value of  x- value of m
        • m> x we get a deficit
          • A.D
            • B.O.T is balanced where imports are equal to exports
            • when  exports are greater than imports we get a surplus
            • when imports are greater than exports we get a deficit
          • A.S
            • decreased productivity
            • undersupply
            • increase  import consumption
              • decrease in exports
    • As RNY increases, imports increase but exports remain constant


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