Structure of the balance of payments
Structure of the balance of payments
The balance of payments records all economic transactions between a country's residents and the rest of the world over a period of time. It consists of the current account, capital account and financial account.
Step-by-step lessons covering AQA A Level Economics 2.6.3 The balance of payments for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.