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What does the balance of payments indicate about the economies' net wealth - what have been recent changes or trends in the balance of payments
- What does the balance of payments indicate about the economies' net wealth - what have been recent changes or trends in the balance of payments in the respective economies and what are the key drivers of that change.
- What does this imply about the countries approach to trading consumption across time - historically have they been net lenders / net borrowers?
- Has COVID resulted in any major changes in Balance of Trade / the CA / the financial account - (magnitude of change in both economies)
- What can you deduce about both economies from the balance of payments data
This is in regards to Australia and USA respectively
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