Pages in this set

Page 1

Preview of page 1
Balance of payments
Balance of Payments

The balance of payments provides us with important information about whether or not a

country is "paying its way" in the international economy.

What is the Balance of Payments?

records all of the many financial transactions that are made between consumers,

businesses and the…

Page 2

Preview of page 2
Net investment income arises from interest payments, profits and dividends from

external assets located outside the UK

We also add in the net balance of private transfers between countries and government

transfers (e.g. UK government payments to help fund the various spending programmes

of the European Union).

The current account…


No comments have yet been made

Similar Economics resources:

See all Economics resources »