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.
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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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Explain two causes of a current account deficit.
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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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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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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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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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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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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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