Question #8340
Deficit in current account of balance of payment?
Expert's answer
When the balance of payments is negative it is in deficit. The current account
deficit is where imports of goods, services, investment income and transfers
exceed the exports of goods, services, investment income and transfers. Current
Account deficit could occur during a period of inward investment (surplus on
financial account).
deficit is where imports of goods, services, investment income and transfers
exceed the exports of goods, services, investment income and transfers. Current
Account deficit could occur during a period of inward investment (surplus on
financial account).
Learn more about our help with Assignments: Macroeconomics
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
#339914 on Dec 2023
#339914 on Dec 2023
Comments