The net value of flows of goods, services, income, and unilateral transfers is described as the:

Question

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The net value of flows of goods, services, income, and unilateral transfers is the current account balance. The capital account balance refers to financial transfers, while the trade balance only takes into account the flows of goods and services. The official reserve balance refers to changes in a country's foreign exchange reserves.

The Net Value of Flows of Goods, Services, Income, and Unilateral