The current account is

A. an accounting statement that includes all spending flows across a nation's border, including the purchase of assets.
B. an accounting statement that includes all spending flows across a nation's border for the purchase of goods and services.
C. equal to value of a country's exports.
D. equal to value of a country's imports.


Ans: B. an accounting statement that includes all spending flows across a nation's border for the purchase of goods and services.

Economics

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