A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2016 · Q291 Mark

Which measure to correct a balance of payments current account deficit would be classified as an expenditure-dampening policy?

Areduction in interest rates

Brevaluation of the currency

Can increase in direct taxes

Dan introduction of foreign exchange controls

✓ Correct answer

C: an increase in direct taxes

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2016 Paper 1 Variant 2, question 29.

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