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4.2 Balance of payments

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Question 22

A government report gives Norland's current-account deficit for two financial years.

Financial yearCurrent-account deficit
Year 1£40 billion
Year 2£46 billion

Calculate the percentage increase in the current-account deficit from Year 1 to Year 2. 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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