What the balance of payments records
What the balance of payments records
The balance of payments is a record of all economic transactions between a country's residents and the rest of the world over a period of time. It is broader than trade alone.
Step-by-step lessons on AQA A Level Economics 2.6.3 The balance of payments. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.