UK exports of goods which, in 2012, were valued at £302 billion, had risen to £372 billion in 2019. Over the same period, the annual deficit on the UK balance of trade in goods rose from £107 billion in 2012 to £136 billion in 2019.
Evaluate the view that a persistent and rising deficit in the trade of goods is a major problem for the UK economy.
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.