Which of the following items is least likely to impact a nation's balance of payments? A....
Which of the following items is least likely to impact a nation's balance of payments?
A.
Money spent by tourists
B.
Foreign aid programs
C.
An increase in the GDP
D.
Gains or losses in exchanges of international currencies
E.
Trade deficits or surpluses
Homework Answers
Answer: C. An increase in the GDP
A balance of payments (BOP) is a record of all monetary transactions between the nation and rest of the world for a specific period, usually a year. All the other options (A, B, D and E) represents the transactions with the rest of the world.
Increase in GDP is most likely to impact a nation's balance of trade and least likely to impact a nation's balance of payment.
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Which of the following items is least likely to impact a
nation's balance of payments?
A....
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