Happyland is a country characterized by beautiful beaches, vast natural resources, and a highly skilled labor force. Happyland is now encouraging foreign direct investment flows. The country has been exporting textiles, computer hardware, and software programs. The net result of the trade is that Happyland exports far more goods and services and receives more income from abroad than it imports and pays abroad. Happyland's international trade situation illustrates that the country is experiencing a $$

current account deficit

capital account deficit

current account surplus

capital account surplus