French exports of goods, which in 2015 were valued at €455 billion, had risen to €508 billion in 2022. Over the same period, the annual deficit on France’s balance of trade in goods rose from €45 billion in 2015 to €164 billion in 2022.
Evaluate the view that a persistent and rising deficit in the trade of goods is a major problem for an economy such as France.
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.