HSC Year 12 Topic 2 (BOP)

Question 1

What are the components of the Balance of Payments?

Answer 1

The current account (CA) and the capital and financial account (KAFA)

Question 2

What are the parts of the current account?

Answer 2

Balance on goods and services (BOGS),
Net primary income,
Net secondary income

Question 3

What is in the net primary income?

Answer 3

Records income flows derived from factors of production