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From course:

Economics A Level (DONEEEEEEE)

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Question:

Describe the UK’s Balance of Payments using all componest

Author: eric_galvao



Answer:

-Large Defict on Visible Trade - UK Imports more than Exports -Surplus ish on Invisivle Trade - Uk Exports more here [Not enough to match the Imports of Visible Trade] -Surplus on Flows of Investment Income - UK Gets more Payments from Investments than it dishes out -Defict on Transfers - The UK makes Aid Payments and other types -Overall, the UK has a Defict on its Current Account


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