IB skill practice

Interpret balance of payments accounts

Economics SL global economy skill with original exam-style diagram, data-response, and evaluation seeds.

Paper 1, Paper 2 5 marks Difficulty 3

Explain current account deficit

A school IB Economics global economy diagram says a country imports more goods and services than it exports for several years. Explain what this means. Use the labelled diagram, data, or extract evidence before writing the answer. Enter the answer and choose the interpretation that best matches the global-economy evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.