Economics 0455 · IGCSE · Current account of balance of payments

Current account of balance of payments — practice question

In July 2015, Australia’s balance of trade with the rest of the world was $-2809$ billion Australian dollars. By January 2016, it had changed to $-3294$ billion Australian dollars. What term describes Australia’s balance of trade over this period?

  • Adeficit, improving
  • Bdeficit, worsening
  • Csurplus, improving
  • Dsurplus, worsening

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