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Balance of payments

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Question 4

The table below shows selected balance of payments data for an economy in 2023.

Balance of payments componentValue (£bn)
Exports of goods315
Imports of goods385
Exports of services190
Imports of services145
Net primary income-15
Net secondary income-20

What was the current account balance for this economy in 2023?

−£25 bn-\text{£}25\text{ bn}−£25 bn

−£60 bn-\text{£}60\text{ bn}−£60 bn

−£105 bn-\text{£}105\text{ bn}−£105 bn

+£10 bn+\text{£}10\text{ bn}+£10 bn

Balance of payments Questions

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