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The Current Account Balance Is Defined as

question 475

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The current account balance is defined as


Definitions:

Exports

Goods or services sold by a country to buyers located in other countries.

Export Supply

The total amount of goods and services a country's producers are willing and able to sell abroad at a given price level.

Import Demand

The desire or need for products or services brought into a country from abroad.

Equilibrium World Price

The price at which the supply of a good on the global market equals the demand for that good.

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