An economy’s current account of the balance of payments is in surplus. However, the country has deficits in both its net primary income and net secondary income accounts.
It can be concluded that
the balance of trade in goods must be in surplus.
the combined balance of trade in goods and services must be positive.
the capital and financial accounts must be in surplus.
the value of services exported must exceed the value of goods imported.
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.