A country has a persistent deficit on the current account of its balance of payments. Assess the likely consequences for the domestic and external economy of this country.
Exam No：9708_w23_qp_23 Year：2023 Question No：5(b)
Answer:
Knowledge points:
6.3.1.1 current account: trade in goods, trade in services, primary income and secondary income
6.3.1.2 definition of balance and imbalances (deficit and surplus) in the current account of the balance of payments
6.3.4 consequences of imbalances in the current account of the balance of payments for the domestic and external economy
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download