Day: April 6, 2022

The table shows selected items of the balance of payments of a country in 2019.

• net portfolio investment – £bns +40
• trade in goods – £bns –100
• trade in services – £bns +50
• interest, profit and dividends (primary income) – £bns +10
• current transfers (secondary income) – £bns +10
• transactions in financial assets – £bns –10

What was the country’s current account balance in 2019?

Select ONE answer:

1. -£40 billion
2. -£30 billion
3. -£20 billion
4. -£10 billion

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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