give the four equation on current alc
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The current account formula of the Balance of Payment
measures the import and export of goods and services and is calculated as the sum of the trade balance, net income, and current transfers.
The trade balance is the difference between countries’ imports and exports and is the biggest component of the current account. A country always tries to have more export than imports. For the current account to be positive it is important to have a positive trade balance.
Current Account Equation
is given below:
Current Account Formula = (X-M) + NI + NT
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Answer:
a country's current account records the value of exports and imports of both goods and services and international transfers of capital.
Explanation:
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