A current account surplus on a nation's balance of payments means that generally
the total value of exports of goods, services, and income inflows exceeds the total value of imports and income outflows.
the government's tax revenues exceed its total public sector expenditure.
the total volume of goods and services exported exceeds the total volume of goods and services imported.
the nation has a net positive financial surplus on its capital and financial accounts.
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.