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Question
Do you think that a surplus in capital account BoP reflects the prosperity of the nation?
Do you think that a surplus in capital account BoP reflects the prosperity of the nation?
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Solution
No, it is incorrect to say that surplus in capital account reflects the prosperity of the nation. Surplus in capital account balance of payments may have been achieved through loans which are a financial obligation to rest of the world. This does not indicate overall prosperity of the nation and its people.
No, it is incorrect to say that surplus in capital account reflects the prosperity of the nation. Surplus in capital account balance of payments may have been achieved through loans which are a financial obligation to rest of the world. This does not indicate overall prosperity of the nation and its people.
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