Question Details

Detailed explanation and options for the selected question.

What is meant by the term “current account deficit”?

A. Excess of imports over exports of goods and services
B. Excess of government spending over revenue
C. Excess of foreign investment in a country
D. Excess of savings over investments

Explanation:

Current account deficit occurs when imports exceed exports of goods and services. It does not directly relate to government spending or investments.

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