A positive balance on the goods and services account of the balance-of-payments indicates an excess of exports over imports, which must be added to the nation's gross domestic product.

Question

Quizplus · Accepted Answer

A positive balance on the goods and services account of the balance-of-payments indicates that a country is exporting more than it is importing, which contributes to the country's overall economic activity and should be added to its gross domestic product.

A Positive Balance on the Goods and Services Account of the Balance-Of-Payments