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Balance of payments

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Question 2

The table below shows the value of imports and exports for a country in 2022.

£bn
Imports of goods620
Imports of services310
Exports of goods485
Exports of services450

What was the balance of trade in goods?

A

−£175 bn-£175\text{ bn}−£175 bn

B

−£135 bn-£135\text{ bn}−£135 bn

C

+£135 bn+£135\text{ bn}+£135 bn

D

+£140 bn+£140\text{ bn}+£140 bn

Markscheme

Balance of payments Questions

  1. A Level
  2. /Economics
  3. /Balance of payments

38 exam-style questions on OCR A Level Economics Balance of payments. Each one has a worked solution and a mark scheme showing where the marks go.

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