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6.4. Current account of the balance of payments

Syllabus
0455–2027–2028
Topic
6.4
Level
—

6.4.1—Structure of the current account of the balance of payments

  • components of the current account of the balance of payments:
  • trade in goods
  • trade in services
  • primary income
  • secondary income
  • calculation of deficits and surpluses on the current account of the balance of payments and its component sections

6.4.2—Causes of current account deficit and surplus

  • reasons for current account deficits and surpluses

6.4.3—Consequences of current account deficit and surplus

  • impact on GDP, employment, inflation and foreign exchange rate

6.4.4—Policies to achieve balance of payments stability

  • the range of policies available to achieve balance of payments stability and their effectiveness

Objective notes

4 learning objectives
ConceptIGCSE Economics