Economics (AS & A Level) · May / June 2023 · Paper 12 · Question 17

The table contains some figures from the balance of payments account of the United States (US) for a given year. | | US$ million | |---|---| | exports of goods | 1 632 639 | | balance of trade in goods | –741 462 | | imports of services | 477 428 | | balance of trade in services | 233 138 | What cannot be concluded about US trade from the table?

1. AExported services were valued at over US$477 428.
2. BImported goods were valued at over US$1 632 639.
3. CThe value of exported services was less than the value of exported goods.
4. DThere was an overall current account deficit.

As printed in the paper