Session:10 The International Trade and Capital Flows
Key Terms
Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e
- balance of trade (trade balance)
- the gap, if any, between a nation’s exports and imports
- current account balance
- a broad measure of the balance of trade that includes trade in goods and services, as well as international flows of income and foreign aid
- exports of goods and services as a percentage of GDP
- the dollar value of exports divided by the dollar value of a country’s GDP
- financial capital
- the international flows of money that facilitates trade and investment
- merchandise trade balance
- the balance of trade looking only at goods
- national savings and investment identity
- the total of private savings and public savings (a government budget surplus)
- unilateral transfers
- “one-way payments” that governments, private entities, or individuals make that they sent abroad with nothing received in return