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Answer to Question #11950 in Macroeconomics for maggy iihuhua

Question #11950
what is included in the current account?
Expert's answer
The current account is divided into three categories - balance on merchandise
trade, balance on services, and unilateral transfers. This is one of two primary
subsets of the balance of payments. The other is the capital account. A deficit
or surplus in the current account is matched by an opposite surplus deficit in
the capital account.

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