Economics 9708 · AS & A Level · 6.3

6.3 — practice question

As one element of its trade policy, a government provides a subsidy for the cost of machinery used to produce goods for export. How will this impact the balance of payments?

  • Adecrease the deficit on the capital account
  • Bdecrease the deficit on the current account
  • Cincrease the deficit on the capital account
  • Dincrease the deficit on the current account

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI