CSEC Principles of Business · January 2018 · Paper 2 · Question 5(d)
Distinguish between 'balance of trade' and 'balance of payments'.
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Practise this questionOther parts of this question
- 5(a)(i)Define 'economic growth'.[2 marks]
- 5(a)(ii)Define 'economic development'.[2 marks]
- 5(b)List the THREE methods by which governments measure the national income of a country.[3 marks]
- 5(c)State THREE reasons why countries engage in international trade.[3 marks]
- 5(e)Explain TWO measures a country may adopt to address its balance of payments problems.[6 marks]
More practice: the rest of this paper · more Macroeconomic Indicators and International Trade questions · all CSEC Principles of Business past papers