C. Excess of imports of goods and services over exports
D. Excess of government expenditure over revenue
Answer: Option C
Solution (By JKSSB Mock Tests)
Current Account Deficit occurs when the value of imports of goods, services and transfers exceeds the value of exports of goods, services and transfers.
Explanation:
Planner-doer models represent the individual as containing both a long-run planner who values future consequences and a short-run doer who is tempted by immediate rewards, generating self-control problems.
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