The balance of payments on current account 0.0 / 5 ? EconomicsMacroeconomic indicatorsASAQA Created by: hayleyCreated on: 29-03-13 18:56 visibles exports or imports that are tangibles, that you can see and touch as they cross international boundaries 1 of 6 Invisibles intangibles such as the provision of insurance or banking services 2 of 6 Balance of trade visible exports minus visible imports 3 of 6 Deindustrialisation a fall in the proportion of national output accounted for by the manufacturing sector of the economy 4 of 6 Globalisation the ability to produce goods anywhere in the world and sell them in any country 5 of 6 Current account equilibrium where the current account exercises no effect on the domestic macroeconomy 6 of 6
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