plumiBalance of payments: OCR GCSE Economics questions
Every OCR GCSE Economics exam question on 4.2 Balance of payments, 2021–2025, with its mark scheme and examiner’s report.
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Q22(a)
The whole paper ↗0 wordsQ22(b)
The whole paper ↗0 wordsQ22(c)
The whole paper ↗0 wordsQ22(d)(i)
The whole paper ↗0 wordsQ22(d)(ii)
The whole paper ↗0 wordsQ22(d)(iii)
The whole paper ↗0 words- Your answer
- Your answer
- Your answer
- Your answer
- Your answer
- Your answer
Q23(a)
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The whole paper ↗0 wordsQ23(b)
The whole paper ↗0 wordsQ23(c)
The whole paper ↗0 wordsQ23(d)(ii)
The whole paper ↗0 wordsQ23(d)(iii)
The whole paper ↗0 words- Your answer
Q21(a)
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All 22 questions on Balance of payments, as a list
- June 2025, Paper 2, Q22(a) (2 marks): Using Extract 2, calculate the current account balance in 2022. Show your working. Answer [2]
- June 2025, Paper 2, Q22(b) (2 marks): Using Extract 2, state the differences in the trends in the trade in goods and in the trade in services between 2012 and 2022. [2]
- June 2025, Paper 2, Q22(c) (6 marks): Using Extract 2, analyse how changes in the UK economy have led to an increasing current account deficit. [6]
- June 2025, Paper 2, Q22(d)(i) (2 marks): State two kinds of services that the UK exports. 1 2 [2]
- June 2025, Paper 2, Q22(d)(ii) (2 marks): Explain one reason why there is significant investment from overseas into the UK. [2]
- June 2025, Paper 2, Q22(d)(iii) (6 marks): (iii)* Evaluate the importance of the balance of payments on current account to the UK economy. Use the information given in Extract 2 and your own knowledge. [
- June 2024, Paper 2, Q6 (1 mark): A current account surplus will most likely lead to A a decrease in the country’s debt B a decrease in the exchange rate C a decrease in the rate of inflation D
- June 2024, Paper 2, Q7 (1 mark): A country is experiencing structural problems which means overpriced and poor-quality goods being produced. This will lead to A a decision to reduce the amount
- June 2024, Paper 2, Q8 (1 mark): The diagram shows import and export data for the UK from 2017 to 2021. £bn 750 700 Imports 650 Exports 600 550 2017 2018 2019 2020 2021 What does this diagram s
- June 2024, Paper 2, Q12 (1 mark): Which of these is not included in the UK’s balance of payments on current account? A A Spanish firm buying land in the UK to build a factory B A UK consumer spe
- June 2023, Paper 2, Q10 (1 mark): What will help to create a balance of payments deficit on the UK current account? A A depreciation of the UK exchange rate B A fall in GDP per capita in the UK
- June 2023, Paper 2, Q16 (1 mark): The balance of trade is the main component of a country’s balance of payments on current account. The diagram shows the balance of trade for three countries. $b
- June 2023, Paper 2, Q23(a) (2 marks): Using Extract 3 calculate the 2019 balance of trade in goods and services. Show your working. [2]
- June 2022, Paper 2, Q23(a) (2 marks): Using the chart in Extract 3 on page 15, explain the trend in the UK’s current account deficit between 2011 and 2019. [2]
- June 2022, Paper 2, Q23(b) (2 marks): Using the table in Extract 3 on page 15, explain how Germany’s current account position differs from that of the UK and the USA. [2]
- June 2022, Paper 2, Q23(c) (6 marks): Analyse, with the use of a demand and supply diagram, how the widening in the UK’s current account deficit between 2011 and 2013 could have changed the exchange
- June 2022, Paper 2, Q23(d)(ii) (2 marks): The chart in Extract 3 on page 15 shows that the UK’s current account deficit increased from £30 000m in 2011 to £80 000m in 2018. Calculate the percentage chan
- June 2022, Paper 2, Q23(d)(iii) (6 marks): (iii)* Evaluate the extent to which the UK government should try to eliminate the current account deficit. Use the information given in Extract 3 on page 15 and
- November 2021, Paper 2, Q15 (1 mark): The Balance of Payments on the current account shows the balance of receipts and payments of A a country’s international banks B a typical household C foreign e
- November 2021, Paper 2, Q21(a) (2 marks): Give two examples of services that the UK exports. Example 1 Example 2 [2]
- November 2021, Paper 2, Q21(b) (2 marks): Using the chart in Extract 1 on page 8, state in which year the deficit in net trade of goods and services was at its: 1 Largest 2 Smallest [2]
- November 2021, Paper 2, Q21(c) (6 marks): Using the information in Extract 1 on page 8, analyse why the deficit on trade in goods and services is not as large as the deficit on trade in goods only. [6]
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