A country has a surplus on the current account of its balance of payments. This means that
the value of exports of goods must exceed the value of imports of goods.
the net value of trade in goods and services plus net primary and secondary income flows must be positive.
the country must run a surplus on both its trade in goods and its trade in services balances.
the value of currency outflows on the capital account exceeds the value of inflows.
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.