Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

This table is about a country’s balance of payments on current account. The figures shown are: - goods exports: $100\,\text{bn}$ - goods imports: $125\,\text{bn}$ - services exports: $60\,\text{bn}$ - services imports: $50\,\text{bn}$ - income and transfers balance: $+10\,\text{bn}$ What conclusion can be drawn from the table?

  • Aa current account deficit of $5\,\text{bn}$
  • Ba current account surplus of $5\,\text{bn}$
  • Ca goods and services deficit of $35\,\text{bn}$
  • Da goods and services surplus of $15\,\text{bn}$

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