0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
How does balance of trade differ from balance of payments?
Balls and weiners!
What are the two indicators nations rely on to measure global trade?
They are the balance of trade and the balance of payments.
Balance of trade?
The difference between the value of imports and exports of a country is the balance of trade. It is a country's largest component of balance of payments.
Is Australia's Balance Of Payments positive?
balance of payment is the difference between exports and imports so if Australia's exports trade balance exceeds its imports trade balance then it is positive
Difference between balance of trade and balance of payment?
Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.
What are the balance of trade payments of Ecuador?
suck a hole
What is one way that a negative trade balance can be converted into a 0 balance of payments?
the imposition of tariffs
What is the real difference between balance of trade and balance of payment?
Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.
Why does the balance of payments always balance even though the balance of trade does not?
he balance of payments defines an economy's account of receipts and payments.it includes all current accounts and capital accounts. a deficit in current account is managed by creating a surplus in capital account and vice-versa.however,balance of trade is just the balance of exports and imports,exports receipts can be greater than import payments,this creates surplus in the economy and deficit in the other case. balance of trade is a component of BOP.
Does Germany have a trade deficit?
No, Germany has a balance of payments surplus.
