The balance of payments equals: | Faculties

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Ranjeet

🎓 Tutor III ⭐ 34.60K Points

📊 International Economics

Q. The balance of payments equals:

(A) The difference between household spending and income
(B) The difference between government spending and income
(C) A measure of the value of economic transactions between residents of a country and the rest of the world
(D) The difference between inflation and unemployment

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✅ Correct Answer: (C) A measure of the value of economic transactions between residents of a country and the rest of the world

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