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4.2 Balance of payments

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Question 28

The table shows the total money flowing into and out of the current account of the fictional country of Norland.

PeriodCurrent account inflowsCurrent account outflows
2025£96 billion£104 billion
2026£112 billion£119 billion

Calculate the current account balance for each year and compare the two positions.

[3]
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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