AS Paper 2, November 2020The UK Economy – Performance and Policies
AS Paper 2, November 2020, Q3(b)
Explain one likely reason for the UK’s balance of trade in goods and services over the period shown. Refer to the chart on page 6 in your answer.
Short answerExplain3 marks
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 …