Wednesday, 1 February 2012

Lower Sixth Homework : Balance of Payments




Thanks for sticking with this topic, gents.  And don't forget to pop over to Clive's channel on youtube to listen to his upbeat guide to the Balance of Payments.

Here are the questions from today's lesson.  For each one, write how it would affect the Trade Balance, using clear linkages (remember them??).  I'm sure help is available on the web from sites such as tutor2u.  Please help others by leaving tips and links in comments


1.Stronger exchange rate
2.Lower income tax
3.Worsening UK productivity (costs go up)
4.Improving UK competitiveness
5.Subsidies UK computer games industry
6.Increase Tariffs (tax on imports)
7.Leave the EU
8.Nuke China
9.GDP increases

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