Question

Define
Trade Susplus". How is it different from current account surplus?​

Answer 1

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The trade deficit is the largest component of the current account deficit. It refers to a nation's balance of trade or the relationship between the goods and services it imports and exports. ... By contrast, though, if the total value of a nation's exports exceeds the total value of imports, the nation has a trade surplus.

Answer 2

Answer:

The trade deficit is the largest component of the current account deficit. It refers to a nation's balance of trade or the relationship between the goods and services it imports and exports. ... By contrast, though, if the total value of a nation's exports exceeds the total value of imports, the nation has a trade surplus.

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