What is the difference between a deficit item and a surplus item in…

Question What is the difference between a deficit item and a surplus item in… Image transcription textWhat is the difference between a deficit item and a surplus item in the balance of payments? A deficit item iswhen a country imports more than it exports while a surplus item when a country exports more than it imports.A surplus item is when a transaction leads to a payment by a country and a deficit item is when a … Show more… Show more Social Science Sociology Share QuestionEmailCopy link This question was created from What does a surplus in the current account mean.docx Comments (0)