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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
What do we mean by deficit in BoP?
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Answer

A deficit in BoP occurs when during the given year, autonomous inflow of foreign exchange is less than the autonomous outflow of foreign exchange.

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