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4 International trade and the global economy

4 International trade and the global economy

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Question 13

A country records trade in goods of -£72 billion, trade in services of +£46 billion, net income of +£9 billion and net transfers of -£6 billion. Exports then rise by £12 billion while all other flows are unchanged. What is the new current account balance?

[1]
A

A £11 billion deficit

B

A £23 billion deficit

C

An £11 billion surplus

D

A £35 billion deficit

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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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