The ________ measures the net flows of imports and exports of goods,services,income payments,and unilateral transfers.

Question

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The current account measures the net flows of imports and exports of goods, services, income payments, and unilateral transfers. The capital account measures capital flows related to investment and loans, while the change in official reserves measures changes in a country's foreign reserves. The statistical discrepancy is a measure of errors and omissions in a country's balance of payments. The basic balance account is not a commonly used term in balance of payments analysis.

The ________ Measures the Net Flows of Imports and Exports