HSC Together Year 12 Economics: Links between key Balance of Payments Categories

Economics

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Links between key Balance of Payments Categories

There are key links between the Balance of Payments categories due to the fact that accounting for net errors and omissions, it theoretically sums to zero and therefore ‘balances,’ as the name implies.

Watch the videos to learn about the links between the Balance of Payment categories and why the Balance of Payment must balance in HSC Economics:

 

 

 

 

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