HSC Together Year 12 Economics: External Stability

Economics

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External Stability

External stability refers to the ability of an economy to service its international liabilities. There are many different measures:

  • Current Account Deficit (CAD) as a percentage of GDP
  • Net Foreign Debt as a percentage of GDP
  • Net Foreign Liabilities as a percentage of GDP
  • Terms of Trade (ToT)
  • Exchange Rate
  • International Competitiveness

 

Watch the videos to learn more about external stability in HSC Economics:

 

CAD as a percentage of GDP

 

Net Foreign Debt and Net Foreign Liabilities as a Percentage of GDP

 

Terms of Trade

 

Exchange Rate

 

Want to learn more? Check out more of our HSC Economics resources here!

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