2 marks
Q1(e) Work out the visible trade balance in EURbn from the export and import figures given.
Edexcel · 4EC1
Balance of payments comes up in 31 questions across the Edexcel International GCSE past papers (4EC1), worth 76 marks between them. They run from 2019 to 2025 and appear on iGCSE Paper 2, iGCSE Paper 2R.
Tariffs run from 1 to 9 marks. The commonest instructions are Explain (7), Calculate (5), State (5). Specification points covered: 2.2.2.
Q1(e) Work out the visible trade balance in EURbn from the export and import figures given.
Q3(b) Multiple choice: EUR15bn deficit on the current account, set against EUR300bn output - express as a percentage.
Q1(c) Give the meaning of a current account deficit.
Q3(b) Multiple choice working the visible trade balance in $bn from the trade data given.
Q1(e) Work out the invisible trade balance in $bn from the figures given.
Q1(c) Define what the balance of payments current account records.
Q2(c) Name one consequence of running a current account deficit.
Q2(c) Name one thing that could produce a current account surplus.
Q3(c) Give one reason dearer imports could improve South Korea's current account.
Q2(d) Give the meaning of a current account surplus.
Q3(c) Give one reason better-quality foreign goods would worsen the US current account.
Q1(e) Work out Canada's current account in CAD$bn for the year ending 2020.
Q1(h) Data response: what a current account surplus does - Australia case.
Q2(a) Multiple choice on how tourist earnings appear in the current account.
Q3(c) Give one reason better domestic goods would improve Pakistan's current account.
Q4(b) Data response: what a persistent current account deficit does to Egypt.
Q1(e) Work out the UK current account in GBPbn for the year ending July 2019.
Q1(g) Give one reason - Norway runs a current account surplus case.
Q3(b) Multiple choice on what could produce a current account surplus.
Q2(c) Name one balance of payments consequence of better domestic goods.
Q2(c) Name one effect on the balance of payments of better foreign goods.
Q2(e) Give one reason a weaker euro improved Germany's current account.
Q3(e) Data response: what a current account deficit does - Indonesia case.
Q1(b) Multiple choice naming trade in services.
Q1(g) Give one reason the quality of domestic goods widened Mexico's current account deficit.
Q3(c) Give one effect of the inflation change on Egypt's current account.
Q3(a) Multiple choice naming trade in physical goods.
Q1(e) Work out Germany's current account balance in EURbn for 2016.
Q2(c) Name one consequence of a current account deficit.
Q3(a) Multiple choice on how outbound tourism appears in the current account.
Q4(b) Data response: what a current account surplus does - China case.
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