Economics · Balance of Payments & External Sector
Economic transactions between a country and the rest of the world are recorded in various accounts, each differing in the scope and variety of transactions they cover. Arrange the following components and accounts of a nation's external sector in ascending order based on the variety and comprehensiveness of the economic transactions they record (from the most restricted scope to the most comprehensive): 1. Trade involving specific physical merchandise such as oil and automobiles2. Balance of Trade (BOT)3. Combined balance of visible and invisible (services) trade4. Current Account recording goods, services, and all income flows5. Balance of Payments (BOP) Select the correct answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 3, 2, 5, 4
- 25, 4, 3, 2, 1
- 31, 2, 3, 4, 5✓
- 42, 1, 4, 3, 5
Correct answer
1, 2, 3, 4, 5
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