Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

In 2011, it was said that the United States (US) needed to cut its current account deficit. What would assist this in the short run?

  • Aa protectionist policy
  • Ba strong exchange rate
  • Cincreased private sector spending
  • Dinvestment in the US by multinational firms

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