| Year | Balance (£ billions) |
|---|---|
| 1999 | -25 |
| 2000 | -29 |
| 2001 | -22 |
| 2002 | -31 |
| 2003 | -39 |
| 2004 | -45 |
| 2005 | -49 |
| 2006 | -58 |
| 2007 | -65 |
| 2008 | -62 |
| 2009 | -50 |
| 2010 | -55 |
| 2011 | -42 |
| 2012 | -61 |
| 2013 | -78 |
| 2014 | -85 |
| 2015 | -93 |
| 2016 | -102 |
| 2017 | -80 |
| 2018 | -85 |
| 2019 | -89 |
| 2020 | -74 |
Using the data above, which one of the following may be inferred about the United Kingdom's balance of payments?
The current account deficit continuously decreased between 2012 and 2016.
The current account surplus increased between 2005 and 2010.
There was a current account surplus for the entire period shown.
There was a current account deficit for the entire period shown.
11 exam-style questions on Edexcel A A Level Economics 4.1.7 Balance of payments. Each one has a worked solution and a mark scheme showing where the marks go.