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statement that summarizes an economy's transactions with the rest of the world for a specified time period. The balance of payments, also known as balance of international payments, encompasses all transactions between a country's residents and its nonresidents involving goods, services and income; financial claims on and liabilities to the rest of the world; and transfers such as gifts. The balance of payments classifies these transactions in two accounts - the current account and the capital account. The current account includes transactions in goods, services, investment income and current transfers, while the capital account mainly includes transactions in financial instruments. An economy's balance of payments transactions and international investment position (IIP) together constitute its set of international accounts. (source- investopedia)
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Does Brazil have a balance of payments surplus or deficit?
It has a balance of payments deficit.
Define stock and flow with example?
examples of stock variables and flow variables stock: saving,capital,labour force, wage rate, flow: income,investment,balance of payment
Are late fees removed from the balance when paid with a regular payment?
Yes, for most loans. For most loans, the late fee is added to the minimum payment required (and the balance at the time of incurring the late fee) and will be deducted from the balance once the payment is received.
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 is shareholder's surplus?
Capital surplus is a term that frequently appears as a balance sheet item as a component of shareholders' equity. Capital surplus is used to account for that amount which a firm raises in excess of the par value (nominal value) of the shares (common stock).
If the Balance of payment always always balances then why you have deficit in the balance of payment What measure can be government take to address an in-balance in the Balance of payment?
when they are talking about the deficit or surplus they are usually only talking about the current account. The balance of payments will balance because the other accounts in it (Capital, financial and erros and ommissions) will account for the other parts eg if current account has defiecit of 100m the capital, financial and erros and ommisions will have a surplus of 100m
What is the meaning of 'balance of payment surplus'?
If money recd is more than paid by any country to another country. It is called balance of payment - surplus in short more "Export Less Imports".
How do geographers define the concept of overpopulation?
They define it as a surplus in the human population in the ecumene.
Advantages and disadvantages of balance of payment?
advantages of balance of payment
Advantages and disadvantage of balance of payment?
advantages of balance of payment
Does Brazil have a balance of payments surplus or deficit?
It has a balance of payments deficit.
What is the explanation for the concept of marginalism in economics?
consumers surplus define
If a country receives more money than it spends it does not have a surplus in a balance of payments.?
It does have a surplus in balance of payments because BOP is calculated by exports minus imports
India's balance of payment since 1991?
India's balance of payment since 1991
Does the balance of payment always balance?
International Balance of Payments
If a country receives more money than it spends does it have a surplus in a balance of payments?
It does have a surplus in balance of payments because BOP is calculated by exports minus imports
Enumerate the ways in which nation can overcome an unfavorable balance of trade?
improve technology is one
