Which of these occurs when a country exports more goods and services and receives more income from abroad than it imports?
A) Current account deficit
B) Capital account surplus
C) Current account surplus
D) Capital account deficit

Question

Quizplus · Accepted Answer

A country that exports more goods and services and receives more income from abroad than it imports has a current account surplus. This means that the value of its exports is more than the value of its imports, leading to a positive balance of trade. The country earns more from its exports and foreign investments than it spends on imports and foreign investments.

Which of These Occurs When a Country Exports More Goods