6.3 Current account of the balance of payments (available in Sept)

In this chapter you will learn how to:

• explain the components of the current account of the balance of payments
• calculate the balance of trade in goods, in services and in goods and services and overall current account balance
• analyse the causes of imbalance in the current account of the balance of payments
• discuss the consequences of imbalance in the current account of the balance of payments for the domestic and external economy.