What is a current account imbalance?
What is a current account imbalance?
The current account records trade in goods and services, primary income such as profits and wages, and secondary income such as international transfers. Its balance compares the total money entering a country with the total money leaving it.
Step-by-step lessons on CIE Intl A Level Economics 6.3.3 causes of imbalances in the current account of the balance of payments. Each one builds up to exam-style questions.