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    Question

    What is the projected value of the Current Account

    Deficit (CAD) for the July-September 2024 quarter?
    A $9.8 billion Correct Answer Incorrect Answer
    B $12 billion Correct Answer Incorrect Answer
    C $15 billion Correct Answer Incorrect Answer
    D $16.8 billion Correct Answer Incorrect Answer
    E $20 billion Correct Answer Incorrect Answer

    Solution

    The projected value of the Current Account Deficit (CAD) for the July-September 2024 quarter is $15 billion, which equals 1.6% of GDP. This is the highest in the last seven quarters and reflects weak export performance and subdued external demand.

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