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4.2 Balance of payments

4.2 Balance of payments

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Question 3

The value of exports rises, but export volume falls. Which is the best explanation?

[1]
A

Export prices may have risen by more than export quantities fell

B

Imports must have fallen by the same amount

C

The current account must be balanced

D

The exchange rate cannot have changed

Markscheme

4.2 Balance of payments Questions

  1. GCSE
  2. /Economics
  3. /4.2 Balance of payments

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.

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