Economics (AS & A Level) · Feb / March 2024 · Paper 12 · Question 30
9708Current account of the balance of payments
What is not a likely cause of a deficit in the current account of the balance of payments?
- AConsumer spending is low.
- BPrimary incomes in the form of investment income are low.
- CThe rate of exchange is high.
- DWage costs of production are high.
As printed in the paper
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Correct answer: A. Consumer spending is low.
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