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ScotlandEconomicsQuick questions
Global Economic Activity
Quick questions on The balance of payments: the current account, deficits and corrections - SQA Higher Economics
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
State what a current account surplus means. [2 marks]
What is q2?Show answer
Explain how a fall in the exchange rate could help to reduce a current account deficit. [3 marks]
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