A country's manufacturers improve the reliability of their products. The table shows the country's annual exports and imports of goods and services before and after the improvement. The balances on primary and secondary income are unchanged.
| Before improvement (£bn) | After improvement (£bn) | |
|---|---|---|
| Exports of goods and services | 84.6 | 88.1 |
| Imports of goods and services | 96.8 | 98.1 |
Calculate the change in the country's current account balance after the improvement.
Explain how the improvement in reliability could have contributed to this change.
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.