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Vethier 2016 Vethier 2016
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A month ago
A country's balance of payment equals the ________.

▸ money spent on procuring services minus money spent on procuring goods

▸ total flow of money into the country minus the total flow of money out of the country

▸ gross domestic product of the country minus the gross national product of the country

▸ money spent on producing services minus money spent on producing goods

▸ money spent on buying goods minus money spent on producing goods
Textbook 

Business in Action


Edition: 9th
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richardbuggrichardbugg
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A month ago
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total flow of money into the country minus the total flow of money out of the country

The balance of payments is the broadest indicator of international trade. It is the total flow of money into the country minus the total flow of money out of the country over some period of time.

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