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What is the relationship between capital account balance and current account balance?

The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.


Describe the difference between real and current GDP?

The current GDP is the value of all products and services produced in a country. The real GDP is the value of all the goods and services produced and are expressed in current prices in a country.


What production is the current US economy is based primarily?

Services.


What is financial forecasting?

Financial forecasting is a prediction of the economy in the future based on current trends and other statistics such as national wealth and global market status.


How does the current state of unemployment impact the economy and individuals in society?

The current state of unemployment negatively impacts the economy by reducing consumer spending and tax revenues, leading to slower economic growth. It also affects individuals in society by causing financial strain, reduced quality of life, and potential long-term consequences such as skill deterioration and mental health issues.

Related Questions

Who is the current CEO of Toyota Financial Services?

Takuo Sasaki is the current CEO of Toyota Financial Services.


Where can one find finance services?

The FSA or Financial Services Authority will have details of financial services. Alternatively, an independent financial advisor or the financial advisor of your current bank may be able to advise.


Where can one find the newest edition of Marketing Financial Services?

You can find the newest edition of Marketing Financial Services online from the Journal of Financial Services website. Once on the page, click on "Current Issue" in the left navigation.


Is the utilization of loans too high in the current financial market?

The utilization of loans in the current financial market is high, which can lead to concerns about excessive debt levels and potential risks to the economy.


How do financial consulting services help with long-term financial planning?

Financial consulting services provide expert guidance for long-term financial planning by helping individuals and businesses develop strategies to manage their finances effectively. These services assess current financial health, set achievable goals, and create personalized plans to grow wealth, reduce debt, and plan for retirement. With professional financial consulting services, clients can optimize investments, minimize taxes, and safeguard their financial future with tailored solutions.


What is potential saving?

Potential saving refers to the amount of money that can be saved by making changes to current spending habits or by taking advantage of cost-saving opportunities. It represents the difference between current expenses and the projected savings that can be achieved through various financial strategies or decisions. Identifying and maximizing potential savings can help individuals and businesses improve their financial health and achieve their goals.


What is the Affect of accrued income in balance sheet?

Accrued income is an asset to the Organisation as It has earned the revenue but has not physically receive the funds for it by the end of financial year. It will be classed as a current asset.


How do staff in health services organisation ensure that skill current any skills gaps are rectified?

Staffs in a health services organisation ensure their skills are current and skill gaps are rectified with encouraging employees to self monitor their work and to conduct periodic self assessments. Self assessments provide the means for employees to identify skills gaps and for employers to develop programs that will reduce those gaps.


What is a portfolio analysis?

Current position of an organisation


Reason for study organization behavior?

A very good reason to study organisation behaviour is to determine if current behaviours are consistent with the future needs of the organisation. There are very good examples related to the behaviours of financial or car manufacturing organisations before the current world financial crisis. Few would say that some past behaviours or, in other words, the organisational culture of financial organisations are appropriate for the future. There are articles on the subject of change management at http://www.enquirewithin.co.nz/change.htm together with examples on how the studies might be done.


What is the difference between conventional current and electric current?

Conventional current is the flow of positive charge from higher potential to lower potential, while electric current is the flow of electrons from lower potential to higher potential.


What are the basic principles and steps to follow when seeking guidance from a financial advisor for dummies?

When seeking guidance from a financial advisor, the basic principles to follow are to understand your financial goals, assess your current financial situation, research potential advisors, ask about their qualifications and fees, and communicate openly about your needs and concerns.

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