A system of accounts that measures the transactions of goods, services, income, and financial assets between domestic households, businesses, and governments and residents of the rest of the world during a specific time period is the

Question

Quizplus · Accepted Answer

The balance of payments is a comprehensive record of all economic transactions between the residents of a country and the rest of the world during a specific period. It includes the transactions in goods, services, income, and financial assets, which encompasses the elements described in the question.

A System of Accounts That Measures the Transactions of Goods