2(Current Account) Flashcards
1
Q
what is it
A
Record of countries transaction:
Trade gap+Net income abroad+Net current transfer payments
Trade gap=export-import
2
Q
why in news
A
rarely we have it positive, but now in jan we have it poitive ie- $15.5bn surplus
3
Q
In what terms we measure CA
A
% of GDP
ex-$15.5bn=2.4% of GDP
