If a nation exports more goods than it imports, it has a surplus in the current account.
举一反三
- If a nation has a surplus in its current account, 1. it exports fewer goods than it imports2. it exports more goods than it imports3. the value of its currency should fall4. the value of its currency should rise A: 1 and 3 B: 1 and 4 C: 2 and 3 D: 2 and 4
- A country with a current account surplus is earning more from its exports than it spends on imports.
- A country has a current account __________ if it is saving more than it is investing domestically. A: surplus B: deficit C: balance D: unbalance
- “Trade surplus” is a situation in which the value of goods a country imports is worth more than it exports.
- A country's trade balance is in surplus when _____ A: its exports are more than its imports B: it experiences negative inflation C: its exports equal the imports D: the prices of commodities are low in the country