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4.2.2 Balanced account, surplus and deficit
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The three current account positions

The three current account positions

Comparison showing that a current account deficit has outflows greater than inflows, while a surplus has inflows greater than outflows

A current account records flows between a country and the rest of the world over a period. Its position depends on whether total inflows are greater than, equal to, or less than total outflows.

4.2.2 Balanced account, surplus and deficit Lesson

  1. GCSE
  2. /Economics
  3. /4.2.2 Balanced account, surplus and deficit

Step-by-step lessons on OCR GCSE Economics 4.2.2 Balanced account, surplus and deficit. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

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