B.O.P (balance of payments)
a mind map briefly describing balance of payments
- 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
- A.D
- m> x we get a deficit
- Value of x- value of m
- As RNY increases, imports increase but exports remain constant
- B.O.T
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