Final answer:
The statement is true as the balance of payments includes trade in goods and services, international flows of income, investments, and unilateral transfers such as foreign aid. The statement is True.
Step-by-step explanation:
True or False. A balance of payments calculation includes other forms of exchange among nations in addition to trade.
The balance of payments is a comprehensive record of all economic transactions between residents of one country and the rest of the world during a given period of time.
It includes not just the trade balance, which measures the gap between exports and imports of goods and services, but also other financial exchanges. These include international flows of income, investments, and even unilateral transfers such as foreign aid or remittances.
The current account balance is a broad measure that captures the trade in goods and services, as well as the flow of income from investments and one-way transfers that might occur without a reciprocal exchange. The statement is True.