Unit+1

Page 25

Based on the informationin the next, answer the following questions.

1. What information is found in the Current Account?

The inflow and outflow of goods and services into a country. The public and private earnings on investments Receipts from income generating assets such as stocks. Unilateral transfers

2. What is a country's Balance of Trade?

Total imports and exports of a country (If a country has a balance of trade deficit, it imports more that it exports, and if it has a balance of trade surpius, it exports more that it imports).

3. What information is found in the Financial Account?

4. What are assets and liabilities?