Using the data in Extract E (Figure 2), calculate how much was received by the UK from exports to South Korea for every £1 it spent on imports from South Korea in 2023. Give your answer to two decimal places.
| Quarter | Exports | Imports |
|---|---|---|
| Q1 | 1.65 | 2.82 |
| Q2 | 1.84 | 2.95 |
| Q3 | 1.72 | 3.10 |
| Q4 | 1.99 | 3.25 |
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.