THE RELATIONSHIP BETWEEN INFLATION AND BALANCE OF PAYMENTS
Inflation causes a ___ in the current account IN LR might cause improvement
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- Apr 2022
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MACROECONOMIC
Microeconomic Aims: - To achieve efficiency & equity
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- Feb 2021
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c.)
Because a trade deficit has occurred.
How to improve position?
- Reduce amount of imports (?)
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b.)
-38325 + (-631) + 18792 = -20164
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a.)
Balance in Goods = X-M = 51938 - 89131 = -37193
BOT G&S = (-37193) + (-1132) = -38325
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The balance of paymentsof a country is a record (usually for a year) of all transactions between the residents of the country and the residents of other countries
Definition of BOP
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Service Balance = Value of service exports –Value of service Imports
Question: How do they measure the value of import services?
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