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Edexcel A-Level Economics AS 2.3.1 4b Distinction Between Deficits and Surpluses in the Trade in Goods and Services Balance Questions

Practise calculating trade balances from export and import data and distinguishing goods and services deficits from surpluses.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • calculate exports minus imports for each period, then find the absolute or percentage change in the balance
  • interpret positive and negative trade-balance charts to identify surpluses, deficits and changes over time

Edexcel A-Level Economics AS 2.3.1 4b Distinction Between Deficits and Surpluses in the Trade in Goods and Services Balance Questions question 1

[Maximum number: 4]

The table shows the value of exports and imports of goods and services, $ billion, for Thailand in 2020 and 2021.

Table for Question Edexcel A-Level Economics AS 2.3.1 4b Distinction Between Deficits and Surpluses in the Trade in Goods and Services Balance Questions question 1 — Edexcel A-Level Economics AS

Calculate the change in Thailand's balance of trade between 2020 and 2021. Show your workings.

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