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A correlation of .82 was found between the number of hours studied and final exam scores. This means that
Current Account
A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers.
Current Account Deficit
A situation where a country's total imports of goods, services, and transfers are greater than its total exports.
Merchandise Trade Deficits
A situation where a country's imports of goods exceed its exports, leading to more money leaving the country than coming in from merchandise trade.
International Debt
The total amount of debt owed by a country to foreign creditors, which can include governments, private investors, and international banks.
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