What economic factors affect the current account on the balance of payments?

The balance of payments is a system that records each international economic transaction in accordance with the double-entry bookkeeping principle of "there must be loans, and loans must be equal". This bookkeeping principle requires that each transaction should be recorded as a debit and a credit as both a credit record, with the credit recording of the decrease in assets and the increase in liabilities; The debit side records an increase in assets and a decrease in liabilities.

The current account mainly reflects the transfer of real resources between a country and other countries, and is the most important item in the balance of payments. The current account consists of four items: goods (**), services (intangible**), income and unilateral transfers (current transfers). A current account surplus indicates that the country is a net lender, and a current account deficit indicates that the country is a net borrower.

Affects the balance of payments.

on the current account.

The economic factors are:

1) Import and export of goods;

2) Input and output of labor services;

3) External income receivable and payable, including employee remuneration and investment income.

4) In the case of equal returns, the current transfer of economic value between other countries or regions, including remittances, free donations between countries, aid, compensation, etc.

According to the methodology and content prescribed by the International Monetary Organization, the balance of payments consists of three items: the current account, the capital account, and errors and omissions.

Among them, the specific content of the current account includes: import and export of commodities; labor costs; Unilateral transfers, mainly including immigration transfers, remittances from expatriates, **gratuitous aid, grants, **administrative fees paid to international organizations, etc.

Current Account, Capital & Financial Account, Errors & Omissions.

Summary. The balance of payments is a systematic record of the monetary value of all economic transactions in a country over a certain period of time.

Depending on the type of transaction object recorded, the balance of payments statement consists of four main parts:

Current account. It mainly records the amount of import and export of goods and services.

Capital and financial items are records of foreign exchange receipts and payments incurred in the international purchase and sale of assets. It includes both capital and financial accounts. The capital account mainly includes the international transfer of ownership of fixed assets, as well as the acquisition and abandonment of non-financial assets such as patents, copyrights, trademark rights, and distribution rights.

The financial program measures the difference between the assets of the foreign state and the assets purchased from abroad, including direct investments, investments and other investments, and it is the most important part of the capital and the financial account.

Reserve assets. Refers to an asset that can be used by a bank for international payments at any time. This includes items such as foreign exchange (currencies, deposits, securities, etc.), Special Drawing Rights, currencies**, etc.

Banks can usually buy and sell reserve assets in the foreign exchange market to intervene in the supply and demand of the foreign exchange market.

Net errors and omissions. This is an offsetting account, which is designed to fill gaps and balance borrowing on both sides of the balance of payments.

According to the balance of payments, briefly describe the items included in the measurement of whether the balance of payments is balanced.

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The balance of payments is a systematic record of the monetary value of all economic transactions in a country over a certain period of time. Depending on the type of transaction recorded, the balance of payments statement consists of four main parts: Current account.

It mainly records the amount of import and export of goods and services. Capital and financial items are records of foreign exchange receipts and payments incurred in the international purchase and sale of assets. It includes both capital and financial accounts.

The capital account mainly includes the international transfer of ownership of fixed assets, as well as the acquisition and abandonment of non-financial assets such as patents, copyrights, trademark rights, and distribution rights. The financial program measures the difference between the assets of the foreign state and the assets purchased from abroad, including direct investments, investments and other investments, and it is the most important part of the capital and the financial account. Reserve assets.

Refers to an asset that can be used by a bank for international payments at any time. This includes items such as foreign exchange (currencies, deposits, securities, etc.), Special Drawing Rights, currencies**, etc. Banks can usually buy and sell reserve assets in the foreign exchange market to intervene in the supply and demand of the foreign exchange market.

Net errors and omissions. This is an offsetting account, which is designed to fill gaps and balance borrowing on both sides of the balance of payments.

Answers]: a, b, c, d

The current account reflects the flow of real resources and includes the following four main items: goods, such as the import and export of general commodities; services, such as transportation services, tourism, communication services, financial services, etc.; Revenue. including seasonal worker wages and investment income; Frequent transfers, such as financial aid, remittances, etc.

Answer]: c The current account measures the flow of goods and services, primary receipts and secondary income between residents and non-residents, and is the most important item in the balance of payments.

Answer]: a, b, c

According to the regulations of the International Monetary Organization, the balance of payments balance includes four parts: current account, capital and financial account, official and acre reserve items, and errors and omissions. Among them, the current account, also known as the current account, includes goods and services**, income distribution, and current transfers.