AS Paper 2, June 2016The UK Economy – Performance and Policies
AS Paper 2, June 2016, Q4(b)
Explain one likely reason for the reduction in the total UK trade deficit in January 2015.
Short answerExplain3 marks
Context
Figure 1 shows data on the UK’s balance of trade. Figure 1 – UK’s balance of trade January 2013 to January 2015 £ billion, seasonally adjusted …