Economics 9708 · AS & A Level · 6.3

6.3 — practice question

The table presents figures for a country’s GDP at market prices together with domestic spending: Year1 GDP 630, private consumption 460, government consumption 140, gross investment 20; Year2 GDP 650, private consumption 470, government consumption 160, gross investment 30; Year3 GDP 680, private consumption 480, government consumption 170, gross investment 50. During which of these years is the country likely to experience a balance of trade deficit?

  • Ayear1: no; year2: no; year3: yes
  • Byes; yes; no
  • Cno; yes; yes
  • Dyes; no; no

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