Macroeconomics

Balance of Payments

Definition

What is Balance of Payments?

A record of a country's economic transactions with the rest of the world.

Example in practice

The balance of payments includes current, capital, and financial accounts.

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The total market value of final goods and services produced within a country during a period.

Gross domestic product adjusted for changes in prices.

Gross domestic product measured at current prices without adjusting for inflation.

A market environment in which investors favour higher-risk assets.

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