For a country to be externally stable, its economy must be able to meet its international financial obligations. This video defines key ideas in macroeconomics including current account surplus, current account deficit, balance of payments, trade-weighted index and terms of trade index. Featuring real-life examples statistics and informative graphs and diagrams, this is an essential resource for Economics classrooms.
Production Year: 2022
Duration: 5 min
Printable Resources: Yes
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