LEARNING OUTCOME At the end of this assignment, students will be able to: Understand the concept on balance of payment T

[answerhappygod]

Learning Outcome At The End Of This Assignment Students Will Be Able To Understand The Concept On Balance Of Payment T 1 (50.67 KiB) Viewed 10 times

LEARNING OUTCOME At the end of this assignment, students will be able to: Understand the concept on balance of payment TASK A deficit in the balance of payments means that in the short run the nation will enjoy a higher material standard of living than it would otherwise do. Deficit in balance of payments can cause many adverse effects on the economy of a country and therefore should be avoided. There are a number of steps that can be taken to increase export and decrease import of goods and services to overcome deficit Funding the deficit in it in balance of payments with international reserves is a short-term strategy. Instead, take a loan to create artificial capital account surplus to finance the current account deficit. As the IMF acknowledges, its loans are meant to help member countries tackle balance of payments problems, stabilize their economies and restore sustainable economic growth Critically analyse the statement above and suggest a long-term strategy on how a country should create a surplus in the balance of goods and services deficit. CRITERIA Contro 10 Marks) EXCELLENT Organization Khvarall Marka) Clear use of a personal There is an due style of writing, do GOOD n personal style but le of writing perhaps interesting Style: Word and peed to end, which is choice. Tenehe paper hd the and purpo ally grad and Mark der's with Supported by fully developel planations and examples outstanding tegration ading comples, with excellent of parution AVERAGE Supported by well-developed SATISFACTORY There is le Words chosen arep at style Sentences are clear Semes are Senin any and varied in puterea but may lackmeally clear hat may a few may have awkward structure akward and select he way befway he puts of Explanations and Explanations and lyples de emple de-developed fairly developed and no devant reading but it was completely ways will gallevant ding in a very basic Some mally wh them of clear and NEEDS MARKS IMPROVEMENT GIVEN Very cle Clear orpion Organi and Ad with generally pogression of ideas igation but with logical progression of opel progressimally clear and deas (idea logical Explanations and examples often missing or not clea evidence of elevant reading Sentences a N Por organization des are y ession of ideas fragmentary with low always logicalogical con OVERALL ASSESSMENT