The table shows a country's current account components for two years.
| Component | 2024 (£ billion) | 2025 (£ billion) |
|---|---|---|
| Trade in goods | -48 | -55 |
| Trade in services | +30 | +33 |
| Primary income | -3 | -4 |
| Secondary income | -4 | -4 |
Calculate the percentage increase in the country's current account deficit from 2024 to 2025. Show your working.
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.