The balance of trade in goods, also known as the visible balance or merchandise balance, measures the difference
Tag: international trade
consequences of current account imbalances
Current account imbalances — whether a surplus or a deficit — have significant consequences for both the domestic
balance of trade in services
The balance of trade in services (also called the invisible balance) is the difference between the value of
causes of current account imbalances
Current account imbalances occur when a country’s total receipts from exports of goods, services, primary income, and secondary
balance of trade in goods and services
The balance of trade in goods and services (also called the trade balance or visible and invisible balance)
secondary income
Secondary income (also called current transfers) is a component of the current account that records one-way, non-reciprocal transfers
primary income
Primary income is a component of the current account that records income earned by residents of one country
trade in services
Trade in services (also known as invisible trade) refers to the export and import of intangible services between
trade in goods
Trade in goods (also known as visible trade) refers to the import and export of physical, tangible products
balance of payments
The balance of payments (BOP) is a comprehensive accounting statement that records all economic transactions between a country’s