When a country imports more goods and services and pays more abroad than it exports and receives from abroad, it experiences a current account deficit.

Name: When a country imports more goods and services and pays more abroad than it exports and receives from abroad, it experiences a current account deficit.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

This is the definition of a current account deficit, where a country is spending more on imports and payments abroad than it is earning from exports and receipts from abroad.

When a Country Imports More Goods and Services and Pays