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4.2.5 Importance of the balance of payments
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What the current account shows

What the current account shows

Diagram showing imports and export earnings, current account deficit financing, and future income outflows

The current account records how much the UK earns from the rest of the world compared with how much it pays out. It includes trade in goods and services, primary income such as interest and dividends, and secondary income such as transfers.

4.2.5 Importance of the balance of payments Lesson

  1. GCSE
  2. /Economics
  3. /4.2.5 Importance of the balance of payments

Step-by-step lessons on OCR GCSE Economics 4.2.5 Importance of the balance of payments. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons