A current account deficit exists when a country imports more than it exports.

Name: A current account deficit exists when a country imports more than it exports.
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A current account deficit occurs when a country's imports exceed its exports, creating a negative balance of trade. This means that the country is spending more on foreign goods and services than it is earning from its exports, which can have a negative impact on economic growth and stability.

A Current Account Deficit Exists When a Country Imports More