Question

how to calculate balance of payment ?​

Answer 1

Answer:

It is the sum of the balance of trade (net earnings on exports minus payments for imports), factor income (earnings on foreign investments minus payments made to foreign investors) and unilateral transfers.

BOP=Current Account+Financial Account+ Capital Account+Balancing Item.

Explanation:

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Answer 2

Answer:

Whenever a country receives funds from a foreign source, a credit is recorded on the balance of payments. ...