Country A's currency remains unchanged over one year. The table shows changes affecting Country A and its trading partners during the year.
| Measure | Change during the year |
|---|---|
| Country A's prices and wage costs | +6% |
| Trading partners' prices and wage costs | +2% |
| Country A's export orders delivered on time | 82% to 96% |
Explain why it is uncertain whether Country A's current account will improve or worsen as a result of the changes described above.
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.