Balance of Payments (BOP) Accounts- Macro 6.1

Mr. Clifford explains the balance of payments, focusing on the current and financial accounts. Using the U.S. and China as examples, he illustrates trade deficits and surpluses, and how these affect the financial account. The video concludes with a graph showing the relationship between current account deficits and financial account surpluses.

What new insight or understanding did you gain from this video?

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