plumiThe balance of payments: AQA A‑Level Economics questions
Every AQA A-Level Economics exam question on 4.2.6.3 The balance of payments, 2020–2025, with its mark scheme and examiner’s report.
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![June 2025 Paper 3, question 32: Explain factors that affect the UK’s balance of trade in motor vehicles. [15 marks] Section B Answer all questions in this section. Refer to the Insert for Extr](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71363-jun25-b-32-qp.webp)
![June 2025 AS Paper 2, question 16: All other things being equal, which one of the following is most likely to reduce the deficit on the UK’s balance of payments on current account? [1 mark] A A r](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71352-jun25-a-16-qp.webp)
![June 2023 Paper 3, question 21: Which one of the following would be classified as a debit item in the secondary income section of the current account of the UK balance of payments? [1 mark] A](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71363-jun23-a-21-qp.webp)
![June 2023 AS Paper 2, question 29: Use Extract D to identify two significant features of the balance of trade in goods and services over the period shown. [4 marks] Context 2 Total for this conte](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71352-jun23-c2-29-qp.webp)
![June 2022 Paper 2, question 09: Explain how expenditure-switching policies can be used to reduce a deficit on a country’s balance of trade in goods and services. [15 marks] Essay 1 The UK has](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71362-jun22-e1-09-qp.webp)
![June 2022 Paper 2, question 13: Explain reasons for changes in the value of exports from the UK to the rest of the world. [15 marks] Essay 3 Over the past 20 years, the growth of world trade h](https://pub-e8a9dbab8e2a4d089f52b2a45e0d0b50.r2.dev/bank/71362-jun22-e3-13-qp.webp)
All 21 questions on The balance of payments, as a list
- June 2025, Paper 3, Q32 (15 marks): Explain factors that affect the UK’s balance of trade in motor vehicles. [15 marks] Section B Answer all questions in this section. Refer to the Insert for Extr
- June 2025, AS Paper 2, Q16 (1 mark): All other things being equal, which one of the following is most likely to reduce the deficit on the UK’s balance of payments on current account? [1 mark] A A r
- June 2024, Paper 3, Q06 (1 mark): Table 2 shows the UK's balance of trade in goods and services in successive quarters. Table 2 Quarter 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 Ba
- June 2024, AS Paper 2, Q05 (1 mark): All other things being equal, which one of the following is the most likely cause of a reduction in a country’s surplus on its balance of payments on current ac
- June 2024, AS Paper 2, Q16 (1 mark): A government is concerned that aggregate demand is growing faster than the productive capacity of the economy. In addition, the deficit on its balance of paymen
- June 2023, Paper 3, Q21 (1 mark): Which one of the following would be classified as a debit item in the secondary income section of the current account of the UK balance of payments? [1 mark] A
- June 2023, AS Paper 2, Q28 (4 marks): In the year to July 2020, the deficit in the balance of trade in goods was £105 billion. Calculate the value of imports of goods for the year to July 2020, usin
- June 2023, AS Paper 2, Q29 (4 marks): Use Extract D to identify two significant features of the balance of trade in goods and services over the period shown. [4 marks] Context 2 Total for this conte
- June 2023, AS Paper 2, Q32 (25 marks): Extract F (lines 6–7) states: ‘However, there is a great deal that can be done to improve the balance of trade in goods and services.’ Use the extracts and your
- June 2022, Paper 2, Q03 (9 marks): Extract B (lines 18–19) states: ‘FDI can have many benefits. It should create employment, boost long-run economic growth and increase exports.’ With the help of
- June 2022, Paper 2, Q09 (15 marks): Explain how expenditure-switching policies can be used to reduce a deficit on a country’s balance of trade in goods and services. [15 marks] Essay 1 The UK has
- June 2022, Paper 2, Q13 (15 marks): Explain reasons for changes in the value of exports from the UK to the rest of the world. [15 marks] Essay 3 Over the past 20 years, the growth of world trade h
- June 2022, AS Paper 2, Q17 (1 mark): An economy has a deficit on the current account of its balance of payments. Which one of the following sets of circumstances is most likely to cause the deficit
- November 2021, Paper 2, Q08 (25 marks): Extract F (lines 7–8) states: ‘Economists said the data reinforced the view that the slump in South Korea’s trade-reliant economy would continue beyond this yea
- November 2021, Paper 3, Q29 (1 mark): Which one of the following is an expenditure switching policy that would help to reduce a deficit on the balance of payments on current account? An increase in
- November 2020, Paper 2, Q05 (2 marks): Using the data in Extract D (Figure 4), calculate how much was spent by the US on imports from China for every $1 it received from exports to China in 2018. Giv
- November 2020, Paper 2, Q10 (25 marks): To what extent do you agree that reducing the budget deficit is more important to the UK’s macroeconomic performance than reducing the current account deficit o
- November 2020, AS Paper 2, Q09 (1 mark): A government wishes to reduce the surplus on the current account of the balance of payments. Which one of the following sets of policies is likely to be the mos
- November 2020, AS Paper 2, Q13 (1 mark): Other things remaining the same, the current account deficit of an economy’s balance of payments is most likely to A become smaller as domestic inflation falls
- November 2020, AS Paper 2, Q19 (1 mark): If the current account of the balance of payments is in surplus, then A the exchange rate of the country’s currency must be appreciating. B the net value of tra
- November 2020, AS Paper 2, Q31 (10 marks): Extract E (lines 9–10) states: ‘Inevitably, the volume of exports will fall, and it is highly likely that the trade deficit will increase further.’ Explain two
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