Asked by
Lizaida Espada
on Oct 12, 2024Verified
In 2009,we ran a ________ on our current account and a _______ on our capital account.
A) deficit;deficit
B) surplus;surplus
C) deficit;surplus
D) surplus;deficit
Current Account
Part of a country's balance of payments, it includes the trade balance, net income from abroad, and net current transfers.
Capital Account
A national account that records transactions involving the purchase and sale of assets, such as property rights and stocks, between residents and non-residents.
- Understand the dynamics of the current account balance and factors affecting it.
Verified Answer
SA
Learning Objectives
- Understand the dynamics of the current account balance and factors affecting it.
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