Glossary from chapter 9 "International Trade and Capital Flows" of the book OpenStax, Principles of Macroeconomics for AP® Courses
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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the gap, if any, between a nation’s exports and imports
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
the balance of trade looking only at goods
“one-way payments” made by governments, private entities, or individuals that are sent abroad with nothing received in return
the dollar value of exports divided by the dollar value of a country’s GDP
the international flows of money that facilitates trade and investment
the total of private savings and public savings (a government budget surplus)