CSEC Economics · May/June 2008 · Paper 2 · Question 7(b)
List the component parts of the balance of payments.
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Practise this questionOther parts of this question
- 7(a)Differentiate between the 'terms of trade' and the 'balance of trade' of a country.[4 marks]
- 7(c)Explain TWO measures that can be used to correct a balance of payments deficit.[8 marks]
- 7(d)Discuss TWO ways in which a rise in oil prices will affect the balance of payments of a non-oil producing economy.[5 marks]
More practice: the rest of this paper · more Balance of Payments and Exchange Rates questions · all CSEC Economics past papers