Question

Answer this for me pls

Answer 1

The correct answer is C. Balance of payments

Explanation:

In economics, the balance of payments refers to the amount of money that the country received vs. the one that flowed or went to other countries. This is determined by factors such as trade that is known as the balance of trade and any other transactions. Besides this, the balance can be positive if the country has a surplus or negative if the country has a deficit. Also, this factor is measured through three variables: the current account, which is related to imports and exports; the capital account which is related to the flow of wealth or capita; and the financial account related to the ownership of assets.

According to this, the information best defines the balance of payments because only this balance includes the current, capital, and financial account. Also, this is based on transactions and trade and shows the deficit or surplus of a country.