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Balance of payments

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Question 15

Which of the following is most likely to cause a narrowing of the UK's balance of payments current account deficit?

A

A fall in the rate of inflation in the UK's major trading partners relative to the UK

B

A persistent appreciation of the exchange rate of the Pound Sterling

C

An increase in the domestic marginal propensity to import

D

A sustained contraction in domestic economic activity

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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