A Country Runs a Deficit in Its Current Account If

A country runs a deficit in its current account if:

A) it consumes less goods and services compared to what it produces.
B) the interest and dividends earned by its residents on foreign assets exceed the interest and dividends earned by foreigners who invest in domestic assets.
C) it follows the double-entry bookkeeping requirement that total debits must equal total credits.
D) foreign currency received from exports and transfers exceeds the foreign exchange needed to pay for imports and to make unilateral transfers.
E) foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers.