A country's trade in goods balance is -£48 billion and its trade in services balance is +£31 billion. Ignoring income and transfers, what is the overall trade balance?
A £79 billion deficit
A £17 billion deficit
A £17 billion surplus
A £79 billion surplus
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.