Economics question about current accounts?

Question

Ok, so if a country or region's current account is supply/export-heavy, it is experiencing a surplus; if a country is demand-heavy (such as the U.S.), is the country's current account experiencing a deficit?

Answer 1

You are right. The current account is primarily determined by the trade balance of goes and services. So when export>imports, the current account is positive, (China) and when imports > exports it is negative (US).
Two other factors are income or interest received from aboard. If an American owns a Mexican bond and gets interest off the bond, that interest is a positive number on the current accounts. Also included is transfers, these are just payments from one country to another that do not correspond to a good, service or asset. An example of this would be foreign aid, or if you have an aunt that lives in England and sends you $20 for you birthday.

CA=NX+NFP

CA is the current account
NX is net exports,
NFP, is net factor payments, interest, income, or transfers from to aboard.

Answer 2

Yes. And the question is ... ?