(a)[2]
Identify two possible reasons why Chile’s current account on the balance of payments was in deficit in the first quarter of 2022 even though there was a surplus on the balance of trade in goods.
(b)[4]
Consider how successful one policy that Chile could use to reduce imports of consumer goods is likely to be.
(c)[2]
Explain what is meant by the fall in Chile’s Gini coefficient from 52.1 to 44.4.
(d)[6]
Assess the extent to which ‘the government increasing its education spending’ may improve the incomes of poorer households in Chile.
(e)[6]
Assess the likely impact of the rise in the world copper price from 2020 on the future economic growth of Chile.