155k views
5 votes
The current account, sometimes called the __________, is the sum of one country’s net income from trade in goods and services.

1 Answer

4 votes

Final answer:

The current account is the sum of one country’s net income from trade in goods and services.balance of trade

Step-by-step explanation:

The current account, sometimes called the balance of trade, is the sum of one country’s net income from trade in goods and services. It measures the gap between a country's exports and its imports. The current account balance includes the trade in goods, services, and money flowing into and out of a country from investments and unilateral transfers.

User SUX
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.