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Do underground economies also import and export goods / services?

If they do, then how is it accounted for in the BoP (because BoP has to be 0 at the end of the year always)?

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Countries like the US have a huge current account deficit due to a large number of imports compared to exports. At the same time, the US has the worlds strongest economy. When does a current account deficit hinder a countries economic growth and development?

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How does the balance of payments of a country affect its growth performance?

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What are the effects of a prolonged disequilibrium in the balance of payments?

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Please fill up this board with your and your groups questions about all things exchange rates and BoP related.

The BoP in particular can be a difficult topic to master

Do remember as SL students your 'to learn' list is relatively short.

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On the calculation hw task (attached) why was direct investemnt +10 and Reserve Assets -2? Could they not have been the other way around?

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21 BoP Structure and Calculations WITH ANSWERS

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What does "transaction in non-produced, non-financial assets" under the capital account mean?

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Does the transfer of financial assets by migrants fall under capital transfers and current transfers, or just current transfers?

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When talking about relative growth rates influencing demand for a currency, would it make sense to refer to the changes in demand as a result of more/less disposable income?