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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 surplus in BoP?
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Answer

When during the year, the autonomous inflow of foreign exchange in more than the autonomous outflow, we have a 'Surplus' in Bop.

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