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4 International trade and the global economy

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Question 21

Veyra's current account balances for last year are shown below.

ComponentBalance last year
Trade in goods-£41 billion
Trade in services+£19 billion
Net primary income-£4 billion
Net secondary income+£3 billion

This year, payments by Veyra's residents for holidays abroad are £8 billion lower than last year. All other flows are the same as last year.

What is Veyra's current account balance this year?

[1]
A

A £14 billion deficit

B

A £15 billion deficit

C

A £18 billion deficit

D

A £31 billion deficit

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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