WebCurrent account. The current account shows flows of goods, services, primary and secondary income between resident and non-residents. It is an important group of … WebExpert Answer. 1) Solution: exports of services - imports of services + net primary income + net secondary income Explanation: The current account balance is computed as adding of the net exports, net primary income and net secondary income. 2) …

Measuring the Balance of Payments Economics tutor2u

WebA. Overview of the Primary Income Account Reference: 2008 SNA, Chapter 7, The Distribution of Income Accounts. 11.1 The primary income account shows primary income flows between resident and nonresident institu-tional units. In the SNA, primary distribution of income is recorded in two accounts, namely, the generation of income … WebThe current account balance shows the difference between the sum of exports and income receivable, and the sum of imports and income payable, where exports and … inches to 100ths conversion chart

6.4 – Current Account of Balance of Payments – IGCSE AID

WebThe Current account shows the flows of goods, services, primary income and secondary income between resident and non-resident units. a.1 - Goods (BOP item G) BOP item Goods covers general merchandise, non-monetary gold and, since the implementation of the BPM6, net export of goods under merchanting.. WebNov 28, 2024 · Primary income flows (wages and investment income) Net current transfers. Secondary income flows (e.g. government transfers … WebOct 30, 2015 · Secondary income. The secondary income account represents the provision (or receipt) of an economic value by one party without directly receiving (or … incompatibility\\u0027s 3o