CAPE Economics Unit 2 · 2016 · Paper 2 · Question 5(b)
Explain TWO ways in which Caribbean countries could improve performance on their current account.
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- 5(a)Explain what is meant by a 'current account deficit'.[3 marks]
- 5(c)(i)Outline TWO ways in which expenditure-switching policies may be used to correct balance of payments disequilibrium.[4 marks]
- 5(c)(ii)Outline TWO ways in which expenditure-reducing policies may be used to correct balance of payments disequilibrium.[4 marks]
- 5(d)Discuss ONE positive and ONE negative effect of a current account deficit on a country.[8 marks]
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