O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2013 · Q381 Mark
A country experienced a deficit on its trade in goods, income and current transfers. Overall, it had a surplus on the current account of its balance of payments. What must this mean?
AIt had a floating exchange rate.
BIt had a surplus on its trade in services.
CIt had a surplus on the government's budget.
DIt was a developing country.
✓ Correct answer
B: It had a surplus on its trade in services.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill International trade and globalisation and see which topics are most likely to come up next.
Sign up free →