WebUse the following information to answer the questions below. Assume that the capital account is equal to 0. Export of goods and services = 500 Primary income recieved = 200 Secondary income recieved = 300 Imports of goods and services = 700 Primary income paid abroad = 300 Secondary income paid = 100 Net acquisition of financial assets = … WebFeb 21, 2024 · income received – income paid = net income received Net current transfers, which include payments between governments for international co-operation and other transactions that involve payments for non-productive activities (also called net secondary income) :

The Balance of Payments Explainer Education RBA

WebSee Answer. Question: Identify the following as debit or credit entries in the Balance of Payments Exports of goods and services Credit Current Account Credit An incurrence of … WebPrimary and secondary income receipts : Credit Current Account An increase in official Reserve Assets: Debit Financial Account An acquisition of foreign financial assets: Debit … biometrics \\u0026 security

6.4 – Current Account of Balance of Payments – IGCSE AID

WebSecondary income, together with primary income, affect gross national disposable income. • GDP = C + G + I + XGDP = C + G + I + X – M, The definition of gross national disposable income (GNDY) is GDP plus net primary and secondary income from abroad, so • GNDY = C + G + I + X – M + BPI + BSI, The current account balance is: WebCurrent account Credit Debit Services Travel Business 2301 Acquisition of goods and services by border, seasonal, and other short-term workers 230 Primary income Compensation of employees 6002 Secondary income Other current transfer 120 Current taxes on income, wealth, etc. Social contribution 70 50 Financial account Net … WebMar 23, 2024 · Current Account Balance, Year 2024. The U.S. current account deficit widened by $167.0 billion, or 34.8 percent, to $647.2 billion in 2024.The deficit was 3.1 … biometrics uae