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4 International trade and the global economy

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Question 149

The table shows all of Country M's transactions with the rest of the world during one year.

TransactionValue (£ billion)
Machinery sold to customers abroad84
Food and fuel bought from suppliers abroad61
Spending by foreign tourists in Country M26
Spending by Country M's residents on holidays abroad34
Interest received by Country M's residents from assets abroad7
Profits transferred abroad by foreign owners of businesses in Country M9
Grants received from abroad2
Foreign aid sent abroad5
A business from abroad bought a factory in Country M15

Calculate Country M's current account balance for the year.

[3]
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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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