HSC Together Year 12 Economics: Trends in the Size and Composition of Australia’s Balance of Payments

Economics

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Trends in the Size and Composition of Australia’s Balance of Payments

Over time economists have also studied the causes of changes in the size of the accounts within the Balance of Payments, and therefore the overall composition of the Balance of Payments. These four causes are:

  • International competitiveness
  • Terms of Trade (ToT)
  • International borrowing
  • Foreign Investment

Watch the videos to learn more about these factors affecting the trends in size and composition of Australia’s Balance of Payments in HSC Economics:

 

 

 

 

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