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4.2 Balance of payments

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Question 31

A country exports £420 billion of goods and services and imports £465 billion. Ignoring other current-account flows, what is its balance?

[1]
A

A £45 billion deficit

B

A £45 billion surplus

C

A £885 billion deficit

D

A balanced account

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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