Balance of Payments

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Balance  of  Payments   Learning  Objec-ve:    To  Iden-fy  the  components  of  the  current  account.   Develop  understanding  of  how  the  current  account  is   calculated.  

Starter  –  The  current  account   0   1999  

2000  

2001  

2002  

2003  

2004  

-­‐5000   -­‐10000   -­‐15000   -­‐20000   -­‐25000   -­‐30000   -­‐35000   -­‐40000   -­‐45000   -­‐50000  

Year  

2005  

2006  

2007  

2008  

2009  

Task   •  In  pairs  you  need  to  design  and  create  a  guide   to  explain  imports,  exports,  goods,  services   and  how  the  current  account  balance  is   calculated.   •  You  have  2  lessons  to  complete  the  work.   •  Use  the  text  book  and  the  following  websites:   –  www.tutor2u.net   –  www.bized.co.uk   –  www.sta-s-cs.gov.uk