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4.2 Balance of payments

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Question 17

Ardin’s current-account balance was recorded as follows:

YearCurrent-account balance
2022-£20 billion
2023-£27 billion

Calculate the percentage increase in Ardin’s current-account deficit from 2022 to 2023. Show your working.

[2]
Markscheme

4.2 Balance of payments Questions

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

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.

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