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प्रश्न
Answer the following question.
Define "Trade surplus". How is it different from "Current account surplus"?
उत्तर
Trade surplus refers to the situation when exports of goods and services exceed the import of goods and services.
Exports of Goods and Services > Imports of Goods and Service ⇒ Current Account Surplus
Trade surplus is different from "Current Account Surplus". This is because current account is the account which maintains the records of imports and exports of goods and services as well as the record of unilateral transfers.
Current Account Balance = Balance of Visible Trade + Balance of Invisible Trade + Balance of Unilateral Transfers.
संबंधित प्रश्न
Why is the open economy autonomous expenditure multiplier smaller than the closed economy one?
Calculate the open economy multiplier with proportional taxes, T = tY, instead of lump−sum taxes as assumed in the text.
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y
a) Find equilibrium income
(b) Find the net export balance at equilibrium income
(c) What happens to equilibrium income and the net export balance when the government purchases increase from 40 to 50?
In the above example, if exports change to X = 100, find the change in equilibrium income and the net export balance.
Suppose C = 100 + 0.75Y D, I = 500, G = 750, taxes are 20 per cent of income, X = 150, M = 100 + 0.2Y. Calculate equilibrium income, the budget deficit or surplus and the trade deficit or surplus.
Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely ______.
BoP is measured as ______.
Which of the following items relate to BoP?
Autonomous items are related to those transactions which ______.
Accommodating items are those items of Bop which ______.
Which of the following had been responsible for the heavy burden of the deal and its interest?
The balance of trade shows a deficit of ₹5,000 crores and the value of imports are ₹9,000 crores. What is the value of exports?
______ refers to the situation of excess imports of goods over exports of goods.
Considering operating surplus which one of the following is not a part of it?
Assertion (A): The Balance of payments is in surplus, if autonomous receipts are greater than autonomous payments.
Reason (R): Autonomous transactions are determined by the difference in the Balance of Payments.
