Correct Answer: It is exporting more goods than it is importing

Solution : The correct answer is (a) It is exporting more goods than it is importing.

When a country experiences a surplus in its current account, it means that the value of its exports of goods and services exceeds the value of its imports. In other words, it is selling more goods and services to foreign countries than it is buying from them.

It is exporting more goods than it is importing: This is the correct answer. A surplus in the current account indicates that a country's exports of goods and services are greater than its imports.