We call the yearly summary of all the economic transactions between residents of one country and the rest of the world the:

Question

Quizplus · Accepted Answer

The balance of payments is a comprehensive summary of all economic transactions between residents of one country and the rest of the world, including trade in goods and services, income flows, and financial flows. The trade deficit and trade surplus specifically refer to the difference between a country's exports and imports of goods and services, while the capital account refers to international transfers of ownership of financial assets.

We Call the Yearly Summary of All the Economic Transactions