CAPE Economics Unit 2 · 2017 · Paper 2 · Question 3(a)(i)
Define the term 'balance of payments'.
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- 3(a)(ii)List THREE main accounts that are included in the balance of payments.[3 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