What you’ll learn4 learning objectivesChoose one objective for a focused lesson, or study the complete topic.6.3.1Current account components• Components of the current account of the balance of payments:- current account: trade in goods, trade in services, primary income and secondary income- definition of balance and imbalances (deficit and surplus) in the current account of the balance of paymentsSyllabus objective6.3.2Current account calculations• Calculation of:- balance of trade in goods- balance of trade in services- balance of trade in goods and services- current account balance (CAB)Syllabus objective6.3.3Current account imbalance causes• Causes of imbalances in the current account of the balance of paymentsSyllabus objective6.3.4Current account imbalance effects• Consequences of imbalances in the current account of the balance of payments for the domestic and external economySyllabus objective