O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2024 · Q131 Mark

The table shows trade between two countries in 2023. country X $ bn | country Y $ bn visible exports | 10 | 8 visible imports | 8 | 10 Which statement is correct?

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ACountry X has a Balance of Payments deficit with country Y.

BCountry X has a Balance of Trade surplus with country Y.

CCountry Y has a Balance of Payments deficit with country X.

DCountry Y has a Balance of Trade surplus with country X.

✓ Correct answer

B: Country X has a Balance of Trade surplus with country Y.

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2024 Paper 1 Variant 1, question 13.

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