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4 International trade and the global economy

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Question 19

Country A's currency remains unchanged over one year. The table shows changes affecting Country A and its trading partners during the year.

MeasureChange during the year
Country A's prices and wage costs+6%
Trading partners' prices and wage costs+2%
Country A's export orders delivered on time82% to 96%

Explain why it is uncertain whether Country A's current account will improve or worsen as a result of the changes described above.

[4]
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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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