The main source of fluctuations in the current account balance is

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The current account balance measures the net flow of goods, services, income, and transfers between a country and its trading partners. Therefore, the main source of fluctuations in the current account balance is the net exports, which represent the difference between a country's exports and imports of goods and services. Changes in exports and imports are influenced by various factors, including economic growth, exchange rates, trade policies, and global demand for goods and services. Net transfers, net interest income, and net taxes may also affect the current account balance, but they are typically smaller in magnitude compared to net exports.

The Main Source of Fluctuations in the Current Account Balance