Test students on the Balance of Payments categories

in ,

Here’s a useful question from the 2017 NSW Economics HSC exam about the Balance of Payments.

I think this is a great revision exercise after you’ve looked at the BoP categories in a bit of detail. Click through for the whole exam paper. I don’t love the suggested answers, so I reckon you’re best served by developing some ideas yourself.

I’ve also done a walkthrough on this question (see below). This could help students see some useful ways to approach this question.