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IB Economics HL 4.6.1 Balance of payments Question Bank

Practise IB Economics SL/HL 4.6.1 by applying balance of payments concepts to exam-style questions.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • identify the relevant model, concept or evidence
  • apply the correct subject framework to the question
  • evaluate the result using clear evidence and subject terminology

4.6.1—Balance of payments question 1

[Maximum number: 2]

The following diagram illustrates the domestic market for rice in Country Alpha. This diagram will be used for several of the following questions.

Figure for Question 4.6.1—Balance of payments question 1 — IB Economics HL

The following table provides selected data from the balance of payments for Alpha for 2016.

Table 1

Table 1

Using the data in Table 1, calculate Alpha's current account balance for 2016.

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