GNG Economics | Day 10 | Chapter 12 | Class 12 | Balance of Payment.
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John
English
College Students
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Summary
The session focuses on the Balance of Payments (BOP), explaining its structure as an accounting statement that records economic transactions between residents and the rest of the world. It covers both current and capital accounts, detailing different transactions, their classifications, and how to determine surpluses and deficits in the BOP.