The national goal of international transactions is to accomplish gains from trade and investment activities, which are recorded in the______________________.

Question

Quizplus · Accepted Answer

The balance of payments account records all international transactions, including trade and financial transactions, and helps to measure the gains or losses from those transactions. The current account is a subset of the balance of payments account, which only records trade in goods, services, and income flows between countries. The national account is a measure of a country's overall economic activity and includes both domestic and international transactions. The international account is not a commonly used term in economics.

The National Goal of International Transactions Is to Accomplish Gains