900-1100 apa format

Anonymous
timer Asked: May 6th, 2017
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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...

Tutor Answer

Robert__F
School: Purdue University

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Running Head: BOP

Econ310 - The Balance of Payments (BOP)
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2

BOP

Contents
Introduction ............................................................................................................................................ 3
Balance of Payment Components ........................................................................................................... 4
The Current Account ............................................................................................................................... 4
The Capital Account ................................................................................................................................ 4
Financial account .................................................................................................................................... 5
The importance of US deficit in traded goods in regard to the balance of payment ............................. 5
References .............................................................................................................................................. 7

3

BOP
Importance of balance of payment as an accounting measure
Introduction
The balance of payment account of a nation records the payments and receipts that

involve all economic trading activities between the country’s dwellers and the non-residences
of the rest of the world. It acts as a cheque book register that shows the state inflows and
outflows of money by measuring how the money goes in and out of the country. The
transactions involved include payments of services, financial capital and financial transfers.
As an accounting measure the Balance of Payment helps a nation to r...

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Anonymous
Excellent job

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