Cambridge AS & A Level Economics
6.3Current account of the balance of payments
Current account of the balance of payments in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives
What the syllabus expects you to be able to do.
- 6.3.1Explain the components of the current account: trade in goods, trade in services, primary income and secondary income; define balance, deficit and surplus.
- 6.3.2Calculate the balance of trade in goods, in services, in goods and services, and the current account balance.
- 6.3.3Explain the causes of imbalances in the current account.
- 6.3.4Explain the consequences of imbalances for the domestic and external economy.
Lessons
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The current account of the balance of payments
55 min
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Sample question
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