Economics · May / June 2017 · Paper 12 · Question 30
2281Current account of the balance of payments
In 2010, Vietnam experienced a deficit in the value of its trade in goods (visible) despite exporting a greater number of goods than it imported. What could explain this?
- AThe average price of its goods imported exceeded the average price of its goods exported.
- BThe average value of its goods exported exceeded the average value of its goods imported.
- CThe country had a deficit on its trade in services.
- DThe country’s government imposed tariffs on imports.
As printed in the paper
Show the answer
Correct answer: A. The average price of its goods imported exceeded the average price of its goods exported.
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.