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Open Economy Macroeconomics

Question

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The value of a country’s import of goods is र 200 crores, and value of export is र 250 crores. Find out its BOT.

Solution

BOT = Value of exports – Value of imports
= 250 – 200 = 50 crores

Some More Questions From Open Economy Macroeconomics Chapter

What is meant by balance of payment (BOP) account?
or
What does BOP account record?
or
Where are borrowings from abroad recorded and why

Balance of payment always balances. Comment.

When does a situation of deficit/surplus in BOP arise?
or
Explain meaning of deficit in BOP.

Distinguish between BOT and BOP.

Distinguish between current account and capital account of BOP account. Mention any two transactions (components) of each.

State any four items of current account of BOP account.

Distinction between Balance on trade account and Balance on current account

What does a deficit in current account of BOP indicate?

State any four components (items) of capital account of BOP account.

Export and import of machines recorded in capital account of BOP account. True or false? Give reasons.

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