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
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