Discuss the importance of the balance of payments as an accounting measure

Anonymous
timer Asked: Jan 20th, 2019
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Question Description

One of the more important measures in regard to international economics is the balance of payments. Think of it as a national accounting measure that looks at the flow of goods and services into and out of an economy in a given period of time. It also shows capital flows into and out of a country. Until 1980, the United States tended to run a positive-to-neutral balance of payments position and was a creditor nation. In the course of the past 30 years, the United States has moved to a negative balance of payments and to being a debtor nation.


Review and discuss the following:

  • Discuss the importance of the balance of payments as an accounting measure.
  • Discuss the current account and its components and the capital and financial accounts and their components.
  • How important is the U.S. deficit in traded goods in regard to the balance of payments?

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References

Hellerstein, R., & Tille, C. (2008, June). The changing nature of the U.S. balance of payments. Current Issues in Economics and Finance, 14(4). Retrieved from https://www.newyorkfed.org/medialibrary/media/rese...

Stein, H. (2008). Balance of payments. The Concise Encyclopedia of Economics. Retrieved from http://www.econlib.org/library/Enc/BalanceofPaymen...

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Robert__F
School: Purdue University

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balance of payment
by HAL Lab

Submission date: 21-Jan-2019 05:02AM (UT C-0800)
Submission ID: 1066588855
File name: Balance_of _payments.edited.docx (16.82K)
Word count: 706
Character count: 3799

balance of payment
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Running Head: BALANCE OF PAYMENT

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Balance of Payment
Name
Course
Date

2
BALANCE OF PAYMENT
Balance of payments
The balance of payment refers to the record of all the foreign trade as well as related
financial transactions that members of a particular country may make.
In most cases, the balance of payment...

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Anonymous
Thanks, good work

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