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Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
Define autonomous transactions in BoP.
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Answer

Autonomous items in BoP refer to international economic transactions that take place due to some economic motive such as profit maximisation. These items are independent of the state of the country's balance of payments.

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