Skip to content
MathsGenie logo
Quick links
Open app

Course home

  1. A Level
  2. Economics Edexcel A
  3. Question bank

4.1 International economics

EasyMediumHard
12345678910111213141516171819202122232425262728293031323334353637383940
Question 1

Table 1 – United Kingdom's balance of trade, Q1 2022 to Q1 2023

QuarterBalance of Trade in Goods (£ billion)Balance of Trade in Services (£ billion)Balance of Total UK Trade (£ billion)
Q1 2022-15.412.1-3.3
Q2 2022-16.212.5-3.7
Q3 2022-17.012.8-4.2
Q4 2022-18.513.0-5.5
Q1 2023-12.113.51.4

Explain one likely reason for the transition of the United Kingdom's total trade balance from a deficit in Q4 2022 to a surplus in Q1 2023.

[3]

4.1 International economics Questions

  1. A Level
  2. /Economics
  3. /4.1 International economics