O'Reilly logo

A Concise Guide to Macroeconomics, Second Edition: What Managers, Executives, and Students Need to Know by David Moss

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER SIX
Reading a Balance of Payments Statement

Balance of payments accounting is a close cousin to GDP accounting in the field of macroeconomics. In fact, both are essential gear in the macroeconomist's toolbox. Whereas a GDP account reports a nation's output and its component parts, a balance of payments (BOP) statement provides a record of the country's cross-border transactions. As in a GDP account, all of the figures that appear in a BOP statement are flows, indicating the value of exports or imports, income receipts or payments, or new foreign borrowing or lending that have occurred over a particular period of time—typically a year. This chapter presents a primer on BOP accounting and the best strategies for reading and interpreting ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required