If the current account is in deficit, imports of goods and services exceed exports of goods and services (plus net unilateral transfers).

Name: If the current account is in deficit, imports of goods and services exceed exports of goods and services (plus net unilateral transfers).
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Quizplus · Accepted Answer

This is because the current account measures the balance of trade in goods and services, as well as net unilateral transfers, so a deficit implies that more imports are being made than exports.

If the Current Account Is in Deficit, Imports of Goods