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Balance of payments

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Question 12

The table below shows selected balance of payments data for an economy in a given year:

Balance of payments itemValue (£ billion)
Export of goods65
Import of goods80
Export of services45
Import of services30
Net primary income-12
Net secondary income-8
Net foreign direct investment+25
Capital transfers-3

What is the country's Current Account balance for this year?

−£23 billion-\text{£}23\text{ billion}−£23 billion

−£20 billion-\text{£}20\text{ billion}−£20 billion

£0 billion\text{£}0\text{ billion}£0 billion

£5 billion\text{£}5\text{ billion}£5 billion

Balance of payments Questions

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