The Global Economy · Global Markets
The Balance of Payments
Understanding the current and financial accounts and the significance of deficits.
Key Questions
- 1What incentives lead to a persistent current account deficit?
- 2How does a surplus in the financial account offset trade imbalances?
- 3What trade-offs must a government make to correct a balance of payments crisis?
National Curriculum Attainment Targets
A-Level: Economics - The Global EconomyA-Level: Economics - Balance of Payments
Year: Year 13
Subject: Economics
Unit: The Global Economy
Period: Global Markets
Suggested Methodologies
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