The accounting statement that summarizes all the economic transactions between residents of the home country and residents of all other countries is called the

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The balance of payments statement summarizes all economic transactions, including both the current account (trade in goods and services) and the capital account (capital flows such as investments and loans), between residents of the home country and residents of all other countries. The balance of trade (A) only refers to the trade in goods and services between two countries, while the current account balance (B) summarizes only the current account transactions. The capital account balance (D) only includes capital flows between residents of the home country and residents of all other countries.

The Accounting Statement That Summarizes All the Economic Transactions Between