Question 70
The chart shows the value of a country's trade in two products. Which statement is correct?
The country exports £10 billion more food than it imports
The country imports £10 billion more food than it exports
Machinery creates a £15 billion trade deficit
Total exports exceed total imports by £25 billion
4.1 Importance of international trade Questions
85 exam-style questions on OCR GCSE Economics 4.1 Importance of international trade, covering 4.1.1 Why countries import and export and 4.1.2 Free trade agreements. Each one has a worked solution and a mark scheme showing where the marks go.