When a country is importing more goods and services than it is exporting,it is incurring a(n)
A)trade surplus.
B)current account deficit.
C)positive balance of payment.
D)economic recession.
E)net capital inflow.

Question

Quizplus · Accepted Answer

A current account deficit occurs when a country's imports exceed its exports, leading to a net outflow of currency, which creates a deficit.

When a Country Is Importing More Goods and Services Than