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Explain the Three Components of the Balance of Payments Accounts

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Explain the three components of the balance of payments accounts.What must these three balances sum to?


Definitions:

Non-disturbed Samples

Samples collected from natural or unchanged settings or populations, maintaining their original conditions without human-induced alteration or manipulation.

Face Validity

The extent to which a test appears to measure what it's supposed to measure, based on subjective judgment.

Content Validity

When the content of a test includes a representative sample of behaviours thought to be related to the construct (that is, the concept or entity) the test is designed to measure.

Representative Sample

A portion of the population that represents the entire group accurately.

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