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6.3.3 causes of imbalances in the current account of the balance of payments

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What does a current account deficit mean?

A

A net outflow: spending on exports plus primary and secondary income paid abroad exceeds matching inflows.

B

A net inflow: spending on exports plus primary and secondary income received abroad exceeds matching outflows.

C

A net inflow: spending on imports plus primary and secondary income received abroad exceeds matching outflows.

D

A net outflow: spending on imports plus primary and secondary income paid abroad exceeds matching inflows.

Card 1 of 26

6.3.3 causes of imbalances in the current account of the balance of payments Flashcards

  1. Intl A Level
  2. /Economics
  3. /6.3.3 causes of imbalances in the current account of the balance of payments

26 flashcards on CIE Intl A Level Economics 6.3.3 causes of imbalances in the current account of the balance of payments: the key terms and definitions you need to recall.