In 2013/14,Australia recorded

Question

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In 2013/14, Australia recorded a current account deficit, which means that imports were greater than exports. A current account surplus would have meant that exports were greater than imports. Option A is also incorrect because it states that there was a capital and financial account deficit, but Australia actually had a surplus in this account. Option B is ambiguous and does not provide any relevant information. Option D is incorrect because it suggests that there was a deficit in the capital and financial account due to exports being greater than imports, which is not the case.

In 2013/14,Australia Recorded