(a)[2]
Compare the movements in the current account balance of Russia and the United States between 2006 and 2010.
(b)[4]
Explain two possible economic reasons why China’s international trade performance was stronger than India’s.
(c)[4]
Explain two likely economic effects of the 2009 recession on international trade.
(d)[4]
Why could a current account surplus be an important economic objective for some countries?
(e)[6]
Discuss the desirability of using an expenditure-reducing policy to cut a current account deficit.