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A contraction in CAD may not be a reason for cheer


  • Current account is essentially a record of all trade, net transfers and earning transactions of a country with the rest of the world
  • International trade has become an important political economy issue in advanced economies such as the US and the UK

What makes up current account?

Current account is essentially a record of all trade, net transfers and earning transactions of a country with the rest of the world. Therefore, current account has four essential components. The first is trade, the net value of goods and services. The second is net income, defined as income earned by residents from ...


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