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4 International trade and the global economy

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Question 105

For one year, an economy records the following current account receipts and payments, in £ billion:

ComponentReceipts (£ billion)Payments (£ billion)
Trade in goods320350
Trade in services160130
Primary income7060
Secondary income3040

Calculate the current account balance for the year. State what your answer shows about the current account.

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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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