Skip to content
Try on iPad

Balance of payments: OCR A‑Level Economics questions

Every OCR A-Level Economics exam question on 2.5 Balance of payments, 2021–2025, with its mark scheme and examiner’s report.

Find questions478
Exam
All years
Calculations

478 questions

  1. Q1(d)

    June 2025 · Paper 2

    4 marks2.5 Balance of payments2.4 Inflation
    The whole paper ↗
    June 2025 Paper 2, question 1(d): Using Fig. 2 and the stimulus material, explain the relationship between the inflation rate and current account balance of the selected countries in 2021. [4]

  2. Q5

    June 2025 · AS Paper 2

    1 mark2.5 Balance of payments
    The whole paper ↗
    June 2025 AS Paper 2, question 5: The table shows the balance of payments position for four countries. Current account Financial and capital (£bn) accounts (£bn) Country A –4587 –4587 Country B
    Your answer

  3. Q13

    June 2025 · AS Paper 2

    1 mark2.5 Balance of payments
    The whole paper ↗
    June 2025 AS Paper 2, question 13: The diagram shows the trade balance in goods and services for the UK. £bn 30 20 10 0 –10 –20 –30 –40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2020 2020 2020 202
    Your answer

  4. Q30

    June 2024 · Paper 3

    1 mark2.5 Balance of payments
    The whole paper ↗
    June 2024 Paper 3, question 30: Where would Foreign Aid appear on the current account of the balance of payments? A Primary income B Secondary income C Trade in goods D Trade in services [1]
    Your answer

  5. Q16(a)

    June 2024 · AS Paper 2

    2 marks2.5 Balance of payments
    The whole paper ↗
    June 2024 AS Paper 2, question 16(a): Using Fig. 1, describe the UK’s balance of trade in goods in January 2021. [2]

  6. Q1(a)

    June 2023 · Paper 2

    2 marks2.5 Balance of payments
    The whole paper ↗
    June 2023 Paper 2, question 1(a): Using information from the stimulus material, calculate the balance on the UK’s primary and secondary income in 2019. [2]

  7. Q8

    June 2023 · AS Paper 2

    1 mark2.5 Balance of payments
    The whole paper ↗
    June 2023 AS Paper 2, question 8: The table shows components of the balance of payments for a country in 2020. £bn Capital transfers 15 Exports of goods and services 75 Foreign direct investment
    Your answer

  8. Q14

    June 2023 · AS Paper 2

    1 mark2.5 Balance of payments3.1 Fiscal policy
    The whole paper ↗
    June 2023 AS Paper 2, question 14: Which of these would be the most effective in reducing expenditure on imports? A Increased government expenditure on welfare payments B Increased indirect taxat
    Your answer

  9. Q4

    June 2022 · AS Paper 2

    1 mark2.5 Balance of payments
    The whole paper ↗
    June 2022 AS Paper 2, question 4: Which of the following may lead to a UK balance of payments current account deficit? A An appreciation of the UK pound B An increase in tariffs on UK imports C
    Your answer

  10. Q6

    June 2022 · AS Paper 2

    1 mark2.5 Balance of payments
    The whole paper ↗
    June 2022 AS Paper 2, question 6: The table shows the value of imports and exports for a country in 2019. £bn Imports of goods 740 Imports of services 275 Exports of goods 545 Exports of service
    Your answer

  11. Q12

    June 2022 · AS Paper 2

    1 mark2.5 Balance of payments
    The whole paper ↗
    June 2022 AS Paper 2, question 12: Which of the following is a component of the current account? A Foreign direct investment B Portfolio investment C Primary income D Reserve assets [1]
    Your answer

  12. Q4

    November 2021 · Paper 2

    25 marks2.5 Balance of payments
    The whole paper ↗
    November 2021 Paper 2, question 4: 4* The UK’s deficit on the current account of its balance of payments in the first quarter of 2018 was £17.7bn (3.4% of GDP). This was a reduction on the defici
All 12 questions on Balance of payments, as a list
  1. June 2025, Paper 2, Q1(d) (4 marks): Using Fig. 2 and the stimulus material, explain the relationship between the inflation rate and current account balance of the selected countries in 2021. [4]
  2. June 2025, AS Paper 2, Q5 (1 mark): The table shows the balance of payments position for four countries. Current account Financial and capital (£bn) accounts (£bn) Country A –4587 –4587 Country B
  3. June 2025, AS Paper 2, Q13 (1 mark): The diagram shows the trade balance in goods and services for the UK. £bn 30 20 10 0 –10 –20 –30 –40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2020 2020 2020 202
  4. June 2024, Paper 3, Q30 (1 mark): Where would Foreign Aid appear on the current account of the balance of payments? A Primary income B Secondary income C Trade in goods D Trade in services [1]
  5. June 2024, AS Paper 2, Q16(a) (2 marks): Using Fig. 1, describe the UK’s balance of trade in goods in January 2021. [2]
  6. June 2023, Paper 2, Q1(a) (2 marks): Using information from the stimulus material, calculate the balance on the UK’s primary and secondary income in 2019. [2]
  7. June 2023, AS Paper 2, Q8 (1 mark): The table shows components of the balance of payments for a country in 2020. £bn Capital transfers 15 Exports of goods and services 75 Foreign direct investment
  8. June 2023, AS Paper 2, Q14 (1 mark): Which of these would be the most effective in reducing expenditure on imports? A Increased government expenditure on welfare payments B Increased indirect taxat
  9. June 2022, AS Paper 2, Q4 (1 mark): Which of the following may lead to a UK balance of payments current account deficit? A An appreciation of the UK pound B An increase in tariffs on UK imports C
  10. June 2022, AS Paper 2, Q6 (1 mark): The table shows the value of imports and exports for a country in 2019. £bn Imports of goods 740 Imports of services 275 Exports of goods 545 Exports of service
  11. June 2022, AS Paper 2, Q12 (1 mark): Which of the following is a component of the current account? A Foreign direct investment B Portfolio investment C Primary income D Reserve assets [1]
  12. November 2021, Paper 2, Q4 (25 marks): 4* The UK’s deficit on the current account of its balance of payments in the first quarter of 2018 was £17.7bn (3.4% of GDP). This was a reduction on the defici

Questions, mark schemes and examiner’s reports are © OCR, from their published past papers. Plumi isn’t affiliated with any exam board. Want whole papers? Full past papers.

Rather write your answers by hand on iPad? Plumi marks them against the same mark schemes.