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What are the effect of deficit in balance of payment in developing countries like Nigeria?
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∙ 11y ago
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Buying more from other countries than you sell to them is called what?
Balance of trade deficit, or just trade deficit for short.
When a country runs a trade deficit it does so by?
Countries run trade deficits by selling assets to or borrowing from foreign countries. A trade deficit happens when a country has a negative balance of trade.
Effect of persistent deficit in balance of payments?
A persistent deficit in the balance of payments leads to an individual not paying their way. Society as a whole can get into a deficit when many people are defaulting on payments.
Measures to correct the deficit in the balance of payments?
Measures to correct the deficit in the balance of payments include deflation, depreciation, and devaluation. In addition, there is exchange control.
Why balance of payment is always balanced?
balance of payments consists two accounts namely current account and capital account. The current account deals with import of visible and invisible items and unilateral transfers. a surplus in this accounts makes a country's BOP a surplus and a deficit in this accounts indicates that the country's BOP is deficit. The capital account indicates the capital movements of that country with other countries. it also shows the countries gold and other reserves. a surplus and a deficit in the current accounts increases and decreases the reserve and so the balance of payments is equalised always. so when we say that BOP is deficit we mean only the current account in the BOP. because BOP will always be equalised.
Buying more from other countries than you sell to them is called what?
Balance of trade deficit, or just trade deficit for short.
When a country runs a trade deficit it does so by?
Countries run trade deficits by selling assets to or borrowing from foreign countries. A trade deficit happens when a country has a negative balance of trade.
Does Brazil have a balance of payments surplus or deficit?
It has a balance of payments deficit.
If a country pays more money to other countries than it receives from other countries what type of balance of payments does it have?
deficit
If a country pays out more money to other countries than it receives from other countries what type of balance of payments does it have?
deficit
Is Government operating balance and Budget deficit the same thing?
sorry not Budget deficit... budget balance
What are the problems of balanceof payment in Uganda?
As of 2011, Uganda's balance of payment is over $2 billion USD deficit, or just over -13.5% of GDP. This is substantially worse than many other countries such as Egypt, South Africa, Ethiopia, or Nigeria (which has a positive BoP).
How do you spell deficit?
That is the correct spelling of "deficit" (a shortfall or negative balance).
Balance of payments deficit?
A balance of payments deficit means there is an imbalance in the balance of payments of a country where the payments the country makes are more than the payments they received. It means the balance of payments is negative. A balance of payments deficit is,when government expenditure is more than government revenue
Effect of persistent deficit in balance of payments?
A persistent deficit in the balance of payments leads to an individual not paying their way. Society as a whole can get into a deficit when many people are defaulting on payments.
Measures to correct the deficit in the balance of payments?
Measures to correct the deficit in the balance of payments include deflation, depreciation, and devaluation. In addition, there is exchange control.
What is a bank balance?
A bank balance is the amount by which a current account is in credit or deficit.
