International Trade and Capital Flows - Glossary
Glossary from chapter 9 "International Trade and Capital Flows" of the book OpenStax, Principles of Macroeconomics for AP® Courses
words
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
merchandise trade balance
the balance of trade looking only at goods
unilateral transfers
“one-way payments” made by governments, private entities, or individuals that are sent abroad with nothing received in return
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
national savings and investment identity
the total of private savings and public savings (a government budget surplus)
This glossary was extracted from Chapter 9 of the book OpenStax, Principles of Macroeconomics for AP® Courses. OpenStax CNX. 4 Aug 2017 which is licensed under a Creative Commons Attribution 4.0 International License.
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