What is cad and cas ? State their significance . Class12?
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Current account deficit or CAD is the calculation of the nation’s trade where the total value of its goods and services the country imports become more than the exported value of the goods and services.
Current account surplus or CAS is the opposite where the nation is exporting a larger value of products and services than it is importing.
Measurement of CAD is important as it helps to understand the capital amount generated by a company in its foreign transactions.
A CAS is an indication that the employment scenario is high in the nation and hence it is significant.
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