You have until the 8th March to research and prepare a word produced report that documents the importance of Balance of Payments as a measure of an economies growth or decline.
Within your report you should aim to cover the following points:
What is the Balance of Payments?
Measuring the current account
Trade in goods (what's included)
Trade in services (what's included)
What does a current account deficit mean?
What are the main causes of a current account deficit?
The Exchange rate and the Balance of Payments
Countries with current account surpluses AND an explanation as to why
Economic Policies to Improve the Balance of Payments
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