Question

OR
How is balance of payment 'deficit measured? Explain.
(CBSE, Foreign 2014
9. State the nature of transactions that are recorded in current account of the Balance of Payments
account.
{CBSE, Sample Paper 2008)
10 State the comnonents of current account of the Balance of Payments account​

Answer 1

Answer:

Balance of payments deficit means the country imports more goods, services and capital than it exports.