CBSE 2019 Class 12 Economics Outside Delhi Set 3

© examsnet.com
Question : 3
Total: 4
Distinguish between 'Trade Deficir' and 'Current Account Deficit.
Solution:  
 Trade Deficit  Current Account Deficit
 (i) Trade surplus refers to the excess of import of goods over the export of goods.  Current account deficit refers to the excess of current account payments over current account receipts.
 (ii) It is a narrower term.  It is a broader term.
 (iii) It does not include services and uniliateral transfers.  It includes services and unilateral transfers.
© examsnet.com
Go to Question: