KEY TERMS

national income and product accounts

balance of payments accounts

gross national expenditure (GNE)

gross domestic product (GDP)

gross national income (GNI)

trade balance (TB)

net factor income from abroad (NFIA)

net unilateral transfers (NUT)

gross national disposable income (GNDI)

current account (CA)

financial account (FA)

capital account (KA)

national income identity

national saving

current account identity

private saving

government saving

public saving

external asset

external liability

BOP identity

BOP credit

BOP debit

(net) lender

(net) borrower

external wealth (W)

net creditor

net debtor

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