In the first quarter of 2024, the United Kingdom's current account deficit widened by 12% to £21.8 billion, driven by an expansion in the deficit on trade in goods.
Meanwhile, Japan's long-standing current account surplus rose to ¥2.15 trillion in August 2024, reflecting a significant growth in primary income inflows from overseas investments.
Evaluate, using an appropriate diagram(s), whether a large current account imbalance should be a major concern for any government.
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.