the balance of payments on current account

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visibles
exports or imports that are tangible, 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

Other cards in this set

Card 2

Front

intangibles such as the provision of insurance or banking services

Back

invisibles

Card 3

Front

visible exports minus visible imports

Back

Preview of the back of card 3

Card 4

Front

a fall in the proportion of national output accounted for by the manufacturing sector of the economy

Back

Preview of the back of card 4

Card 5

Front

the ability to produce goods anywhere in the world and sell them in any country

Back

Preview of the back of card 5
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