SS3 C.

A SUBJECT: ECONOMICS

1. ……… is the relationship between the sum total of a country’s receipt for
her exports and payment for her imports.
2. ………………. shows how the balance on both current and capital accounts
is settled.
3. …………. occurs when the total receipts from other countries exceed the
total payments to other countries during a given trading period.
4. A situation which occurs when total receipts of a country on the combined
current and capital account are not equal to the payments is known as ……...
5. ……… & ……. are two effects of balance of payment surplus.
6. ............ & ……. are two cause of balance of payment deficit.
7. Two components of balance of payment are …… & ……..
8. Balance of payment deficit is also referred to as …………..
9. Balance of payment can be adjusted using …….. and ………
10. Differentiate between economic growth and economic development.