(a)[2]
- Describe the overall movement in Vietnam’s current account balance from Q1 2017 to Q2 2018. [1]
- Calculate the value of Vietnam’s exports of fruit and vegetables to China in the first four months of 2018. [1]
(b)[4]
Explain one possible demand factor and one possible supply factor that may have led to the increase in Vietnam’s export sales of fruit and vegetables.
(c)[2]
Explain the effect on Vietnam’s supply of fruit and vegetables for export when administrative burdens on trade have to be complied with.
(d)[6]
Discuss whether the risks of Vietnam relying very heavily on the Chinese market for the export of its fruit and vegetables are greater than the possible benefits.
(e)[6]
Using aggregate demand and aggregate supply analysis, discuss the possible effect on Vietnam’s economy of a sustained rise in its net exports.