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Balance of payments

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Question 17

The table below shows the value of selected components of Norway's balance of payments for a given year.

ComponentValue (billion NOK)
Current account+42.5
Capital account-3.2
Net errors and omissions+1.8

What is the value of the financial account?

A

+41.1+41.1+41.1 billion NOK

B

−41.1-41.1−41.1 billion NOK

C

−37.5-37.5−37.5 billion NOK

D

−39.3-39.3−39.3 billion NOK

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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