International Economics Final





The Balance of Payments is:

a) a record of all the transactions between the citizens of a nation and the rest of the world during one year.

b) a measure of the economic power of nations relative to the world.

c) a record of how much a nation owes the world.

d) a measure of the national profit; if the value of exports exceeds the value of imports the Balance of Payments is positive.

e) the negative of the Balance of Trade, since all transactions require a p...