A-LevelEconomicsInternational economic issues9708/12 · May/June 2023 · Q171 Mark

The table contains some figures from the balance of payments account of the United States (US) for a given year. [Table 17.1] What cannot be concluded about US trade from the table?

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AExported services were valued at over US$477428.

BImported goods were valued at over US$1632639.

CThe value of exported services was less than the value of exported goods.

DThere was an overall current account deficit.

✓ Correct answer

D: There was an overall current account deficit.

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2023 Paper 1 Variant 2, question 17.

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