Which of the following statements are true with respect to current account deficit?
1. The current account deficit is a measurement of a country's trade where the value of the goods and services it imports exceeds the value of the products it exports.
2. The current account includes net income, such as interest and dividends and transfers, such as foreign aid.
3. Dividends and incomes components make up only a small percentage of the total current account.
A. Both 2 and 3
B. Only 1
C. Both 1 and 3
D. All of the above
Answer: Option D
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