Quelpr

Other parts of this question

  1. 7(a)(i)Define the term 'international trade'.[2 marks]
  2. 7(b)(i)Differentiate between 'balance of trade' and 'balance of payments'.[4 marks]
  3. 7(b)(ii)List TWO components of a balance of payments account.[2 marks]
  4. 7(c)Explain TWO ways in which governments can address a balance of payments deficit.[6 marks]

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