GLOBE International Finance Theory & Policy
by Steven M. Suranovic Chapter 5
National Income and the Balance of Payments Accounts


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Table of Contents

5-1 The National Income and Product Accounts
5-2 The National Income or Product Identity
5-3 The Role of Imports in the National Income Identity
5-4 The US National Income Statistics - 2002
5-5 The Balance of Payments Accounts: Definitions
5-6 Recording Transactions on the Balance of Payments
5-7 US Balance of Payments Statistics - 2002
5-8 US Balances on the Balance of Payments - 2002
5-9 The Twin-Deficit Identity
5-10 The International Investment Position

DOWNLOAD Chapter 5 in PDF format.


Problem Sets
LEVEL 1: Basic Definitional
LEVEL 2: Basic Intermediate
LEVEL 3: Advanced Intermediate

LEVEL 1

Jeopardy 5-1
Problem Set 5 1-1

LEVEL 2

Problem Set 5 2-1 Problem Set 5 2-2 Problem Set 5 2-3

LEVEL 3


Answer Keys

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Related Links
  • Changes in BoP Definitions
    In June 1999, the BEA redefined the capital account as the financial account and created a new definition for the capital account. This page explains the changes.


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©1997-2006 Steven M. Suranovic, ALL RIGHTS RESERVED
Last Updated on 5/16/06
HOW TO CITE THIS PAGE
Suranovic, Steven, "International Finance Theory and Policy: National Income and the Balance of Payments Accounts," The International Economics Study Center, © 1997-2006, http://internationalecon.com/v1.0/Finance/ch5/ch5.html.