A-LevelEconomicsGovernment macroeconomic intervention9708/12 · Oct/Nov 2011 · Q301 Mark
When will a country's balance of payments current account deficit be reduced?
Awhen it raises its rate of income tax
Bwhen it reduces tariffs on its imports
Cwhen it revalues its currency
Dwhen it removes export subsidies
✓ Correct answer
A: when it raises its rate of income tax
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