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Balance of Payment - Coggle Diagram

- - - - TRADE IN GOODS(exports and imports of goods)
      - TRADE IN SERVICES (exports and imports of services)
      - How much money are we spending on imports?
      - How much are we generating on export revenue?
    - - Measures flows of income - income entering/leaving country
        
        How much money is entering/leaving the country in TE
    - - Can be government transfers - payment of EU fees
      - Contribution of Aid
      - Money leaving country - negative on current account