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

3102 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Analyse the effects on the UK economy of a recession in another economy with trade ties.


Comment on the long and short term cross-price elasticity of demand for petrol and diesel.


What's the difference between an elastic good and an inelastic good?


What does the Phillips curve show?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning