10.1 National Income Accounting and the Balance of Payments Other Concepts O Current account: mainly be used to record the total amount of imports and exports in goods and services Including Net Export, Investment Income, Transfer Payment. Defining that the NX is the net export, Y is the national income, E is the nominal exchange rate, P is the domestic price, Pis the foreign price, then: NX=g-nY-m·E 夏子终济器院10.1 National Income Accounting and the Balance of Payments & Other Concepts Current account：mainly be used to record the total amount of imports and exports in goods and services. Including Net Export、Investment Income、Transfer Payment. Defining that the NX is the net export, Y is the national income, E is the nominal exchange rate, P is the domestic price, P* is the foreign price, then： * P P NX = g − nY − mE