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Answer these questions.Topic :Current Account.Answer like big paragraphs UK current account as a % of GDP Trade balance Primary income balance Secondary income balance -
Answer these questions.Topic :Current Account.Answer like big paragraphs
UK current account as a % of GDP Trade balance Primary income balance Secondary income balance - Total current account balance 2.0 % of nominal gross domestic product 0.0 -2.0 -4.0 6.0 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 1) Explain how the graph shows that the UK current account balance has worsened since 2000? (N.B. make two separate points and use the data in your answer) (4)2) The worsening current account deficit as a % of GDP in recent years is due to "increasing imports of goods". To what extent does the graph support this view? (6)Step by Step Solution
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