Economics Department

 

The balance of payments and international trade

 

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  1. To what extent should a country be concerned about a persistent Balance of Payments deficit on current account?                                                           
  1. Evaluate the measures which the UK government could use at the present time to reduce a deficit on the current account of the balance of payments.     
  2. To what extent can the strong pound over the last six years be held to blame for the UK's growing deficit on the current account of the balance of payments? 

(all 20 marks)