A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2019 · Q191 Mark

'Primary income' and 'secondary income' are components of the current account of the balance of payments. What do these represent?

Aprimary income: capital flows, secondary income: financial flows

Bprimary income: goods balance, secondary income: services balance

Cprimary income: income flows, secondary income: current transfers

Dprimary income: private flows, secondary income: government flows

✓ Correct answer

C: primary income: income flows, secondary income: current transfers

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 19.

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