Since the 1980s in Australia, the balance on goods and services has:
A)usually been positive.
B)usually been negative.
C)led to a current account surplus.
D)led to capital flows out of the financial account.

Question

Quizplus · Accepted Answer

Since the 1980s in Australia, the balance on goods and services has usually been negative, meaning that the country imports more goods and services than it exports. This has led to a current account deficit and capital flows into the financial account as Australia must borrow from other countries to finance its imports.

Since the 1980s in Australia, the Balance on Goods and Services