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 ▸

How best to maximise marks in exams, for example in definitions or in 20 mark questions


What is a key constraint to economic growth and development for developing countries? Explain how so.


Use Extract D to identify two significant points of comparison between the balance of trade in goods and the balance of trade in services over the period shown.


How can globalisation increase domestic competitiveness?