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
Answered by Thomas H. Economics tutor

2510 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Should maximising profits be the main objective of a business?


What is the effect of an increase in supply on the economy?


What is the best way to revise for Transport Economics?


With the help of a diagram, outline the long run effects of the coronavirus pandemic on the United Kingdom if there is no government intervention


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences