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Balance of payments

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Question 8

The table shows components of the balance of payments for a country in 2024.

Component£bn
Capital transfers8
Exports of goods and services240
Foreign direct investment15
Imports of goods and services215
Portfolio investment20
Net primary income-10
Net secondary income-5

What was the current account balance in 2024?

A

£10 bn\text{£10 bn}£10 bn

B

£18 bn\text{£18 bn}£18 bn

C

£25 bn\text{£25 bn}£25 bn

D

£40 bn\text{£40 bn}£40 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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