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4.2.1 Balance of payments on current account
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What the current account records

What the current account records

Four components of the current account: trade in goods, trade in services, primary income and secondary income

The balance of payments records all money flowing between one country and the rest of the world over a period, usually a quarter or a year. It measures flows during a period, not the stock of wealth held at one moment.

4.2.1 Balance of payments on current account Lesson

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

Step-by-step lessons on OCR GCSE Economics 4.2.1 Balance of payments on current account. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons