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How is the balance of trade in goods calculated?

A

Goods and services balance + net primary income + net secondary income

B

Exports of goods - imports of goods

C

Exports of services - imports of services

D

Imports of goods - exports of goods

Card 1 of 24

6.3.2 calculation of current account balances Flashcards

  1. Intl A Level
  2. /Economics
  3. /6.3.2 calculation of current account balances

24 flashcards on CIE Intl A Level Economics 6.3.2 calculation of current account balances: the key terms and definitions you need to recall.

Flashcards