An article on the Dow Jones Newswire in mid-2017 contained the following sentence: The U.S. current-account deficit,

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An article on the Dow Jones Newswire in mid-2017 contained the following sentence: “The U.S. current-account deficit, a measure of trade and financial flows with foreign countries widened to $116.78 billion in the first quarter.” Does a country’s current account include any financial flows between that country and other countries? Does it include all financial flows between that country and other countries? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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