Unit 4: The Global Economy
Topic 4.6: Balance of Payments Questions
Practice 20 exam-style questions for IB Economics Topic 4.6. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
11 mark
The current account of the balance of payments records:
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The current account of the balance of payments records:
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Which of the following would be recorded as a credit (positive entry) on the current account?
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Outline the main components of the current account of the balance of payments.
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Distinguish between the current account and the financial account of the balance of payments.
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Explain how a depreciation of the exchange rate could be used to correct a current account deficit.
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Outline two supply-side policies that could help improve a country's current account balance.
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Which of the following policies could help reduce a current account deficit?
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A cause of a current account deficit could be:
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Foreign direct investment (FDI) by a multinational company would be recorded in which account of the balance of payments?
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Which of the following would be recorded as a credit (positive entry) on the current account?
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Give two examples of transactions that would be recorded as debits on the current account.
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Explain two causes of a current account deficit.
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Which of the following policies could help reduce a current account deficit?
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A cause of a current account deficit could be:
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Distinguish between the current account and the financial account of the balance of payments.
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Explain two causes of a current account deficit.
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Explain how a depreciation of the exchange rate could be used to correct a current account deficit.
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Outline two supply-side policies that could help improve a country's current account balance.
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