A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2024 · Q301 Mark

What is not a likely cause of a deficit in the current account of the balance of payments?

AConsumer spending is low.

BPrimary incomes in the form of investment income are low.

CThe rate of exchange is high.

DWage costs of production are high.

✓ Correct answer

A: Consumer spending is low.

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2024 Paper 1 Variant 2, question 30.

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