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Economics (AS & A Level) · Oct / Nov 2022 · Paper 11 · Question 26

9708Current account of the balance of payments

What is likely to explain an increase in the deficit on a country's current account of the balance of payments?

  1. Aan increase in government foreign aid to countries abroad
  2. Ban increase in government tax rates
  3. Can increase in other countries' exchange rates
  4. Dan increase in the proportion of income saved by the country's residents

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Correct answer: A. an increase in government foreign aid to countries abroad

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