Using a person's budget to understand the balance of payments

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2023-03-09 18:06:55 -

To get a better understanding of the balance of payments accounts, let’s think of a single person’s sources of funds and uses of funds. We can summarize Harry’s budget for this month as shown in the table below: Source of funds or use of funds Amount Income earned from selling copies of his book “Talking to snakes for fun and profit”...

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