Economics GCSE
Current Account Deficit
What Current Account Deficit means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Current Account Deficit
When the value of a country's imports of goods and services is greater than the value of its exports.
Topics that use Current Account Deficit
- Macroeconomic objectives (Pearson Edexcel GCSE)
Related terms
Using Current Account Deficit in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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