A report gives Lydora's current account balance for one year as -£12 billion.
What does this balance show about Lydora's current account?
A current account surplus of £12 billion
A balanced current account
Government borrowing of £12 billion
A current account deficit of £12 billion
52 exam-style questions on OCR GCSE Economics 4.2 Balance of payments, covering 4.2.1 Balance of payments on current account, 4.2.2 Balanced account, surplus and deficit, 4.2.3 Calculate deficits and surpluses, 4.2.4 Analyse exports and imports data, 4.2.5 Importance of the balance of payments, and 4.2.6 Causes of surpluses and deficits. Each one has a worked solution and a mark scheme showing where the marks go.