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Chapter 15

Across
A tax imposed on imported goods and services
The balance between spending flowing into a country and spending flowing out
An accounting statement of spending flows into and out of the country during a particular period for purchases of assets.
Down
An accounting statement that includes all spending flows across a nation’s border except those that represent purchases of assets.
Government or central bank participation in a floating exchange rate system.
A ceiling on the quantity of specific goods and services that can be imported, which reduces world living standards.