What does the balance of payments do?

What are the three accounts of the BOP?

Name the four sections of the Current Account

What occurs in the trade in goods section of the current account?

What occurs in the trade in services section of the current account?

What occurs in the investment and employment income section of the current account?

What occurs in the transfers section of the current account?

Give three causes of a current account deficit in a country

Why might a country experience a current account surplus?