Economics A-Level
Current account deficit
What Current account deficit means in Economics A-Level, as defined for AQA.
Definition of Current account deficit
Check what you remember
Read the wording for your board, then hide it and explain Current account deficit in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Arises when a country's total financial outflows from trade in goods, services, primary income, and secondary income exceed its total inflows.
Topics that use Current account deficit
- The balance of payments (AQA A-Level)
Related terms
- Balance of payments
- Capital account
- Competitiveness
- Current account
- Exchange rates
- Expenditure-reducing policies
- Expenditure-switching policies
- Financial account
Using Current account deficit in the exam
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