The table below shows selected Balance of Payments components for a nation in a given year:
| Component | Value (£ billion) |
|---|---|
| Exports of goods | +185 |
| Imports of goods | -210 |
| Exports of services | +95 |
| Imports of services | -75 |
| Net primary income | -15 |
| Net secondary income | -10 |
| Capital account balance | +8 |
Assuming net errors and omissions are zero, which of the following correctly identifies the status of this nation's current account balance and its corresponding financial account balance?
Current account deficit of £30 billion; Financial account surplus of £22 billion.
Current account deficit of £5 billion; Financial account surplus of £13 billion.
Current account surplus of £30 billion; Financial account deficit of £38 billion.
Current account deficit of £30 billion; Financial account surplus of £30 billion.
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.