The items on the capital account of Balance of Payments are:
Flow variables
Balance-of-payments entries record transactions over a period, so they are flow variables. A stock is measured at a point in time. Changes in external asset or liability stocks can also include revaluation and other nontransaction changes, so they are not identical to the recorded transaction flows.
Which of the following statements is correct?
Which of the following statements is INCORRECT?
Balance of Trade is measured as: