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2.6 The international economy (A-level only)

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Question 27

Extract A: Summary of the UK Current Account of the Balance of Payments (£ billion)

Component2021 Quarter 2 (£bn)2021 Quarter 3 (£bn)
Balance of trade in goods-42.5-38.2
Balance of trade in services30.128.5
Balance of trade in goods and services-12.4-9.7
Primary income balance-2.51.2
Secondary income balance-5.8-6.1
Current account balance-20.7-14.6

Using the data in Extract A, identify two components of the current account that have led to the improvement in the current account balance that occurred between the second quarter of 2021 and the third quarter of 2021.

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2.6 The international economy (A-level only) Questions

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  3. /2.6 The international economy (A-level only)