If Australia exports more than it imports, then:
A)Australia's balance of payments will be in deficit.
B)Australia's balance of trade on goods and services will be positive.
C)Australia will have a current account surplus.
D)Australia will have a financial account deficit.

Question

Quizplus · Accepted Answer

When Australia exports more than it imports, it means that the value of its exports exceeds the value of its imports, resulting in a positive balance of trade on goods and services.

If Australia Exports More Than It Imports, Then