The table below shows selected balance of payments data for an economy in 2023.
| Balance of payments component | Value (£bn) |
|---|---|
| Exports of goods | 315 |
| Imports of goods | 385 |
| Exports of services | 190 |
| Imports of services | 145 |
| 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
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.