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4 International trade and the global economy

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Question 119

A country's manufacturers improve the reliability of their products. The table shows the country's annual exports and imports of goods and services before and after the improvement. The balances on primary and secondary income are unchanged.

Before improvement (£bn)After improvement (£bn)
Exports of goods and services84.688.1
Imports of goods and services96.898.1
a.

Calculate the change in the country's current account balance after the improvement.

[2]
b.

Explain how the improvement in reliability could have contributed to this change.

[2]
Markscheme

4 International trade and the global economy Questions

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

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