Current account surplus
What Current account surplus means in Economics GCSE, as defined for AQA.
Definitions of Current account surplus
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Reference: AQA
Arises when the total value of inflows, meaning exports and income received, exceeds the total value of outflows, meaning imports and income paid.
A current account surplus occurs when the value of exports and income inflows exceeds the value of imports and income outflows.
Topics that use Current account surplus
- Balance of payments (AQA GCSE)
Related terms
- Balance of payments
- Balance of trade
- Current account
- Current account deficit
- Economic growth
- Exchange rates
- Expenditure-reducing policies
- Inflation
Using Current account surplus in the exam
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