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4.2.1 Balance of payments on current account

Card 1 of 24

Why does the balance of payments measure a flow rather than wealth?

A

It records money movements over a stated period.

B

Nothing is given in return.

C

Trade in services.

D

Foreign aid and grants are forms of secondary income.

Card 1 of 24

4.2.1 Balance of payments on current account Flashcards

  1. GCSE
  2. /Economics
  3. /4.2.1 Balance of payments on current account

24 flashcards on OCR GCSE Economics 4.2.1 Balance of payments on current account: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards