Using the data in Extract A, calculate, to one decimal place, the percentage change in the total net trade balance in goods with the UK’s top five trade partners from February - April 2012 to February–April 2013.
The net trade balance in goods for February–April 2012 is –£9.2bn and for February–April 2013 is –£10.5bn therefore the percentage change is 14.1%.
TH
Related Economics A Level answers
All answers ▸Why is the demand for a Ford Car more 'elastic' than the demand for petrol?
Using your knowledge of both traditional economic theory and behavioural economics, assess policies that the Government might use to implement healthier diets across young people. (25)
To what extent is (third degree) price discrimination beneficial to consumers and producers?
What are economies of scale and scope?