Question

explain in brief the current account​

Answer 1

Answer:

The current account is a country's trade balance plus net income and direct payments. The trade balance is a country's imports and exports of goods and services. The current account also measured International transfers of capital.

Answer 2

Answer:

The current account is an important indicator of an economy's health. It is defined as the sum of the balance of trade (goods and services exports minus imports), net income from abroad, and net current transfers. ... In the net factor income or income account, income payments are outflows, and income receipts are inflows.