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Balance of payments

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Question 3

Canada’s deficit on the current account of its balance of payments in the second quarter of 2022 was CAN 10.5billion(1.610.5 billion (1.6% of GDP). This represented a reduction from the deficit of CAN 10.5billion(1.612.1 billion (1.9% of GDP) recorded in the first quarter of 2022.

Evaluate whether Canada would benefit from a further reduction in the deficit on the current account of its balance of payments.

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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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