Economics · Oct / Nov 2018 · Paper 13 · Question 29
2281Current account of the balance of payments
In July 2015, Australia's balance of trade with the rest of the world was –2809 billion Australian dollars. In January 2016 it was –3294 billion Australian dollars. What describes Australia's balance of trade over this period?
- Adeficit, improving
- Bdeficit, worsening
- Csurplus, improving
- Dsurplus, worsening
As printed in the paper
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Correct answer: B. deficit, worsening
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