Which change could cause a current account surplus to become smaller?
Export quality improves relative to overseas competitors
Domestic consumers switch from imports to home-produced goods
Overseas incomes rise and demand for exports increases
Domestic incomes rise and households buy more imports
22 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.