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4 International trade and the global economy

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Question 74

The external accounts of the fictional economy of Norvale show the following balances for one year:

ItemBalance
Trade in goods-£82 billion
Trade in services+£57 billion
Net secondary income-£9 billion
Current account-£46 billion

What was Norvale's net primary income balance?

[1]
A

-£12 billion

B

+£12 billion

C

-£21 billion

D

-£34 billion

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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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