CAPE Economics Unit 2 · 2017 · Paper 2 · Question 3(a)(ii)
List THREE main accounts that are included in the balance of payments.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 3(a)(i)Define the term 'balance of payments'.[2 marks]
- 3(b)(i)Outline TWO ways in which Caribbean countries benefit from increased exports.[4 marks]
- 3(b)(ii)Outline TWO advantages and TWO disadvantages of economic partnership agreements for the Caribbean region.[8 marks]
- 3(c)Discuss TWO policy options that a country may adopt to correct a trade deficit and boost employment.[8 marks]
More practice: the rest of this paper · more Balance of Payments and Exchange Rates questions · all CAPE Economics Unit 2 past papers