Quelpr
4 marksBalance of Payments and Exchange Rates

CSEC Economics · May/June 2012 · Paper 2 · Question 3(c)(ii)

Table 1 provides import and export figures in US dollars for Country X from 1990 to 1993.

Analyse the trend in the balance of trade from 1990 to 1993.

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Other parts of this question

  1. 3(a)(i)Define the term 'Terms of trade'.[2 marks]
  2. 3(a)(ii)Define the term 'Balance of trade'.[2 marks]
  3. 3(b)State ONE factor that can affect the terms of trade of a country.[1 mark]
  4. 3(c)(i)Calculate the balance of trade for the years 1990, 1991, 1992 and 1993.[2 marks]
  5. 3(d)Explain TWO economic effects of an adverse balance of trade on a country.[4 marks]

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