What is the relationship between international imports and the balance of payments?

The
relationship between imports and the balance of payments is that a change in the level of
imports will change the nature of the balance of payments.   This is because imports are one
part of a countrys current account and the current account is one part of the balance of
payments.

Every country that trades with other countries has a current
account.  This is what economists call the sum of all of the countrys imports and exports of
both goods and services.  When a country imports goods...

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