The Effects of the Spiritual Goods in the Balance of Payments, Adjustments in the Balance of Payments and the Adjustments of the Open Economy Macroeconomics

In this article, we are going to explain and analyze the balance of payments, the adjustments of the balance of payments and the adjustments of the open economy macroeconomics. The purpose is to find the economic equilibrium point between receipts and payments. We will illustrate the transactions through a double entry ledger account by recording the debit and credit to sum to zero. The objective is to show in which accounts the Greek government should pay particular attention to be able to keep a sustainable surpluses. The successful strategy is based on integrating the Greek Orthodox approach in account reconciliation in order to achieve a blessed result that everyone in the local market will benefit. Redistribution of income is based on the successful manipulation of thoughts. Financial success is based on planning and adjusting correctly the balance of payments and the open economy macroeconomics. The government should focus on strengthening the transactions of the three main categories. The current account, the capital account, the financial account, and the subsidiary international investment position account. Our contribution to knowledge is to add another account related to the Greek Orthodox approach in terms of intellectual and spiritual integrity with the related variables. This account measures the spiritual wealth of the nation and its relation to the other countries. In addition, to the balance of payments the government should focus on full employment, keeping affordable price stability, increase interest rates for households' bank deposits and controlling money supply and public expenditure through the monetary and fiscal policies