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EnglandEconomicsQuick questions
2.10-2.13 International trade and the global economy
Quick questions on Balance of payments - OCR GCSE Economics (J205)
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Define a trade deficit. [2 marks]
What is q2?Show answer
A country exports billion and imports billion. Calculate the balance of trade and state the position. [2 marks]
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