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Why does the balance of payments is always balane even though the balance of trade does not?
Wiki User
∙ 13y ago
the 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.
Wiki User
∙ 13y ago
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What economic problem did new nation face?
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
What problem for the economy of the new nation was that?
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
Does the increase in the GNP reflect the standard of living and economic welfare?
An increase in the GNP does not always reflect the standard of living and economic welfare of the general population, though it usually does.
What are the macro economic problems faced by developed countries?
First of all you have to be aware of the 5 macro economic goals in an economy which are as following: 1. Low unemployment rate 2. Stable Prive level (low or no inflation) 3. Sustainable economic growth 4. Even distribution of income 5. Balance of payments (external balance :exports/imports) Having this in mind, use a developed country such as Sweden (or another that you know better) as an example to think through the 5 goals. -Sweden has an unemployment rate of about 7.7%, which is low compared to other countries, but considering that in 2008 the rate was 5.8%, Sweden has potential to supply more jobs to their potential workforce. -America has an above average UNEVEN distribution of income, meaning that even though the country is considered developed, there is a large gap between the rich and the poor. Google "the lorenz curve" to learn more about this
Which is the group most responsible for the rapidly increasing Health Care costs?
consumers, customers, or patients. all of these s are right. :) ================== I agree. The American consumers are very demanding. They always want to latest tests and newest medicines even though those aren't much better if any at all. They always want to see a specialist even though they haven't tried any treatment by a primary care provider yet. I have healthy young patients coming in asking to test for 'everything.' I ed 'what's everything?' They would then tried to say tests for all the 'cancers' even though they are healthy and have no family history of cancers.
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.
What type of government causes a balance of power between the central government and the state governments?
If there are central and state governments, there is always a balance of power. The balance may be tilted in favour of one or the other though.
Do you call an ambulance if you lose balance?
You should always seek medical help immediately if you fell as though you have a medical problem. Its always better to be safe than sorry.
Can I get my ex wife to co-sign an auto loan for me?
Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.
Why is the plaster in your 4-year-old pool chipping even though the water is always in balance?
When you say that the water is in balance, are you just talking about Chorine, alkalinity and ph? Water hardness in balance is very important to keep the plaster smooth. Call your pool plasterer/builder -- you have a problem and it is covered under warranty. k
Can social security payments and/or pension payments be garnished by a mortgage lender?
Social Security payments cannot be garnished at all. Pension payments sometimes can be, depending on a number of factors. Typically mortgage lenders do not garnish wages, though, they simply foreclose on the property.
Do I have to make a payment plan with a debt collector or can I just send in payments?
You can send in payments, it won't stop them from bothering you though, that is what the payment plan might be able to do for you.
Can you sue banks?
Yes. If the bank does something that is not correct you can always sue the bank. For ex: if a bank charges you a fee for not maintaining your minimum balance even though you have sufficient balance in your account, you can raise a complaint with the bank to reverse the fee. If they fail to do so, you can sue them legally because what they did was wrong and you had enough balance in your account and they should have never charged you that fee.
Does opening balance is equal with ending balance on trial balance?
Sometimes it might, depending on the account. Most often account balances change during the year though.
What is a cosigner responsible for on a car loan?
The co-signer will be completely responsible for paying the loan if the primary borrower defaults on the payments even though the co-signer will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck their credit. In short, co-signers are responsible in making sure that the primary borrower is able to make the payments on time, and if not, will be their responsibility to continue and settle the payments if the primary borrower fail to do so.
What if someone did not reaffirm their car after they went bankrupt and missed four payments what will happen?
Your car will likely be repossessed if you did not sign a reaffirmation agreement. If it was included in the bankruptcy, but just not reaffirmed, however, a judgment can not be placed against you for past due amounts or any balance owed. They can, though, slap you with a repossession on your credit record.
What symbolizes balance?
Ying yang tattoos are the most common ones that represent balance. Though scales are a close second. Many people just choose a item that is personally linked to their idea of balance.
