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
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.