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The relationship between the current account balance and the GDP is that they both reflect the production in the given economy. They both deal with the net production.

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11y ago

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What is the relationship between capital account balance and current account balance?

The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.


What is the relationship between the trade balance and the current account in the context of international economics?

The trade balance and the current account are closely related in international economics. The trade balance measures the difference between a country's exports and imports of goods and services, while the current account includes the trade balance along with other financial transactions such as income from investments and transfers. A surplus in the trade balance typically leads to a surplus in the current account, indicating that a country is exporting more than it is importing and earning more from foreign investments than it is paying out. Conversely, a deficit in the trade balance usually results in a deficit in the current account, showing that a country is importing more than it is exporting and paying out more in foreign investments than it is earning.


What is the difference between the principal balance and the current balance on a loan or account?

The principal balance is the original amount borrowed or invested, while the current balance includes any additional charges or payments made since the loan or account was opened.


Distingush with examples between visible and invisible iterms in the current account of the balance of payment?

Goods are considered visible items on the current account, whereas, services are considered invisible items on the current account.


What is the difference between a current balance and an available balance on a checking account?

I am not a banking expert, but my understanding is that - say you have 100$ in your account and you pay in a cheque for another 100$, then your current balance will be 200$ but your available balance will be 100$ until the cheque clears (when the available balance will match the current balance). This protects the bank from someone paying in a cheque that may 'bounce' and withdrawing money that never gets put into the account.


What is a basic balance?

A basic balance is the net balance of the combination of a current account and a capital account in a balance of payments.


What is the difference between the remaining balance and the current balance on my account?

The remaining balance is the amount you have left after accounting for pending transactions, while the current balance includes all transactions, even those that have not yet cleared.


What is meant by Current Account balance in short?

It is the balance that the bank shows that you have in your account at that time


How do you check ubl current account balance on internet?

16511/686 account balance


What is the difference between my current balance and my remaining statement balance?

Your current balance is the total amount you owe on your account at the moment, while your remaining statement balance is the amount you still need to pay from your last billing statement.


What is the difference between my pay statement balance and my current balance?

Your pay statement balance is the amount you have earned from work, while your current balance is the total amount of money in your account, including any additional deposits or withdrawals.


What is the difference between the remaining statement balance and the current balance on my account?

The remaining statement balance is the amount you owed at the end of the last billing cycle, while the current balance includes any new transactions since then.