In one year, Country Z's current account inflows were £85 billion and its current account outflows were £79 billion.
Using the data, explain what Country Z's current account position is and why this position does not, by itself, show that Country Z's economy is strong.
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.