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Edexcel A-Level Economics AS 2.3.1 4c Distinction Between Balance of Payments Deficits and Surpluses on the Current Account Questions

Practise distinguishing current account deficits from surpluses, interpreting country charts and explaining what changes imply for external flows.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • distinguish a negative current-account balance from a positive balance across its four component groups
  • use monthly, quarterly or percentage-of-GDP charts to identify deficit and surplus periods and changes
  • infer how import or export movements widen or narrow a current-account deficit without confusing fiscal balance

Edexcel A-Level Economics AS 2.3.1 4c Distinction Between Balance of Payments Deficits and Surpluses on the Current Account Questions question 1

[Maximum number: 4]

The chart shows Spain's current account of the balance of payments between July 2021 and May 2022.

Figure for Question Edexcel A-Level Economics AS 2.3.1 4c Distinction Between Balance of Payments Deficits and Surpluses on the Current Account Questions question 1 — Edexcel A-Level Economics AS

With reference to the chart, explain the difference between a current account deficit and a current account surplus.

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