Summaries of international flows of goods and assets are recorded in a nation's:

Question

Quizplus · Accepted Answer

The balance of payments accounts track all international transactions of a nation, including the flows of goods, services, and assets. It is a record of all economic transactions between domestic and foreign residents, including imports and exports of goods and services, financial transactions, and transfers such as foreign aid or remittances. The national income and product accounts measure a nation's economic activity, but do not track international transactions in the same level of detail. Balances with the IMF and balance on international indebtedness are specific measures that do not capture the full picture of international flows of goods and assets.

Summaries of International Flows of Goods and Assets Are Recorded