If a country has a current account deficit, this is often referred to as a situation where the country is "spending beyond its means." What does this phrase mean in terms of the simple Keynesian model? Does the existence of the current account deficit imply that the country as a whole is a dissaver (i.e., that saving is actually negative)? Why or why not?

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The Answer of If a country has a current account deficit, this is often referred to as a situation where the country is "spending beyond its means." What does this phrase mean in terms of the simple Keynesian model? Does the existence of the current account deficit imply that the country as a whole is a dissaver (i.e., that saving is actually negative)? Why or why not?

If a Country Has a Current Account Deficit, This Is