AS Paper 2, November 2020The UK Economy – Performance and Policies
AS Paper 2, November 2020, Q3(a)
Which one of the following can be inferred from the above chart over the period shown?
Multiple choice1 mark
Context
The UK’s net monthly balance of trade in goods and services, by value, January 2014 to January 2018, is shown in the chart below. £billions …
AThe government was spending more than it received in taxation
BThe UK’s balance of trade, by value, was always in equilibrium
CThe value of imports was greater than the value of exports
DThe value of inflows was greater than the value of outflows