Current account
What Current account means in Economics A-Level, as defined for AQA, Pearson Edexcel.
Definitions of Current account
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Reference: AQA
The record of trade in goods and services, plus primary income such as dividends and secondary income like foreign aid.
Records trade in goods, trade in services, primary income and secondary income.
A component of the Balance of Payments that records the net flow of money resulting from trade in goods and services, and net investment income.
Topics that use Current account
- The balance of payments (AQA A-Level)
- International economics (Pearson Edexcel A-Level)
Related terms
- Marshall-Lerner Condition
- Balance of payments
- Capital account
- Comparative advantage
- Competitiveness
- Current account deficit
- Exchange rates
- Expenditure-reducing policies
Using Current account in the exam
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