Y9

24 The questions are based on the Balance of Payments from the SARB Quarterly Bulletin, March ete 2023 (S-84). The balance on the current account for 2016 is -R_million. out of 11.7 For the period 2014 to 2021 the balance on the current account recorded deficits for every year. OTrue OFalse If a country records a trade surplus, it follows that the export of goods as a percentage of GDP is than the import of goods as a percentage of GDP. Osmaller Ogreater In which year was the current account deficit as a percentage of nominal GDP the highest? 2019 GDP in 2019 wasIn which year was the current account deficit as a percentage of nominal GDP the highest? 2019 The trade balance as a percentage (%) of nominal GDP in 2019 was %. 2.6 The current account balance as a percentage (%) of nominal GDP in 2021 was %