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4 International trade and the global economy

4 International trade and the global economy

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Question 11

A country's exports are initially worth £200 billion and imports £220 billion. Export earnings rise by 8% while spending on imports falls by 5%. Ignoring other current-account flows, what is the new balance?

[1]
A

A £7 billion deficit

B

A £4 billion surplus

C

A £7 billion surplus

D

A £11 billion surplus

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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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