The short, and sweet, story of Current Account Deficits – Is debt required for growth?

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The current account is an important indicator of an economy’s health. Current Account= Balance of trade (i.e. exports minus imports) + net income from abroad + net current transfers. The Three Current Account Components The Bureau of Economic Analysis divides the current account into three components: trade, net income and direct transfers of capital. Trade: Trade in goods and services is
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