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4.2 Balance of payments

4.2 Balance of payments

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Question 3

A balanced current account means

[1]
A

exports of goods equal imports of goods only

B

the government budget is balanced

C

the exchange rate is fixed

D

total current account receipts equal total current account payments

Markscheme

4.2 Balance of payments Questions

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

22 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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